A credit of $540 000, including 10% GST, was posted to the Accounts Payable Control account on the last day of the month. From which special journal would this posting most likely have come?

Select one:

a.

Cash receipts journal

b.

Cash payments journal

c.

Purchases journal

d.

Sales journal

e.

General journal

2. On 1 August the balance of the Accounts receivable control account for Young Rental Company was $10 500. The customers subsidiary ledger contained account balances as follows:

Anton $3 000

Carmine $4 500

Fenech $1 000

Muro $2 000

At the end of August the special journals contained the following information:

Sales journal Sales to:

Anton $ 800

Carmine $ 300

Fenech $1 200

Muro $1 900

Cash receipts journal Cash received from:

Muro $2 000

Anton $1 500

Fenech $ 500

Carmine $4 800

What is the balance of Antons account at the end of August?

Select one:

a.

$0

b.

$2,300

c.

$1,900

d.

$3,000

e.

$1,700