Answer Part 2 A and B

and Part 3 A and B together and C by its self

Question 2 t - 30 marks Fhe Novelty Bookstore distributes hardback books to s res and extends credit terrns Of nY30 to an ot Its customers. During the month oi June following inventory transactions Occurred. This is a small business and does not use special ournals. June Activi!y 2 Purchased f 30 books on account for $6. inclyding G ST) each from Reader's World Publishers, term 1/7, n/30. Also made a cash payment to Classic Couriers ot $66 (incl es ST) for the freight on this date. 3 Sold 140 books on account to the Book Nook for $11 each (including 6 10 books retumed to Reader's World Publishers. Received $66 credit. includin GST 9 Paid Reader's World Publishers the amount owing. 15 Received payment from the Book Nook. 17 sold 120 books on account to Reada Lot for $11 each (including 20 Purchased 120books on account for $6.60 (including GST) each rom Reader More Publishers, terms 2/7 n/30. required (a) Journalise the transactions forthe month ofJune for The Novelty Bookstore, using a Perpetua/ inventory system. Assume the cost of each book sold wassmao (including Record the journal entry to discharge the GST liability. Cexfyazcaoqey