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Accounting with sales journal and purchases journal GST version Toby's Traders Ltd uses sales and purchases journals in its accounting system. The following transactions occurred

Accounting with sales journal and purchases journal
GST version
Toby's Traders Ltd uses sales and purchases journals in its accounting system. The following transactions occurred during April 2025.
\table[[April,5,Purchased merchandise on account from Smythe Ltd, invoice 354,$1500, terms 210,n30.],[8,Purchased merchandise on account from Ellis Ltd, invoice 376,$780, terms 210,n30.,],[10,Sold merchandise on account to B. Morran, invoice 345, $2280.,],[16,Sold merchandise on account to Bryde Ltd, invoice 346, $2640.,],[19,Purchased merchandise on account from R. Rober, invoice 828, $630, terms 210,n30.,],[26,Sold merchandise on account to G. Green, invoice 347,$1840.,],[29,Sold merchandise on account to Bryde Ltd, invoice 348,$1200.,]]
Required
(a) Complete the requirements below, assuming that the business is registered for the GST.
i. Establish all necessary general ledger accounts, accounts receivable subsidiary Iedger accounts, and accounts payable subsidiary ledger accounts. Use the following account numbers: Accounts Receivable, 1200; GST Receivable, 1300; Accounts Payable, 2200; GST Payable, 2300; Sales, 4100; Purchases 5100.
ii. Enter the transactions for April in the appropriate special journals.
iii. Post the data from the journals to the general ledger and subsidiary accounts.
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