Acriss is an accounting firm that uses a credit system of charging its clients. Credit terms are 80% of fees are payable in the quarter in which they are incurred with the remaining 20% due the following quarter.

1

Use the client hours demanded in the table to prepare the annual forecast. Include the net and GST amounts. The opening accounts receivable is $70,000. Charge-out rates are Senior staff $150 per hour and Junior staff $100 per hour.

	September	December	March	June
Senior	680	680	600	600
Junior	1,500	1,350	1,200	1,000

Acriss Cash Receipts Forecast Year ending 30 June 20XX
Opening Balance Accounts Receivable	Hours Senior	@ $150/hr	Hours Junior	@ $100/hr	Total fees charged	Current	Credit balance previous quarter	Total Net GST	GST
September
December
March
June
Closing

What is your calculated value for the "Total Net GST" Amount for all quarters?