August 4 Received a cheque from Junior Jumpers as full payment of their account and gave a 10% discount for early payment.

6 Sold 50 Ready for Lift Off training guides on credit to The Big Leapers for $900 (net of GST).

8 Purchased 20 Your First Jump pole kits from Big Sticks. Each kit costs $35 and there is a delivery charge of $50. All amounts are net of GST.

10 Made a cash sale to Jumping Jimmy when he purchased 5 Your First Jump pole kits for $77 each (GST included).

Received a cheque from Pole Benders United as full payment of their account.

12 Sold 50 Learning to Jump workbooks to Junior Jumpers for $20 each (net of GST)

13 Ran a coaching clinic for Polebenders United at cost of $825 (GST included)

15 Issued a cheque for $13860 as part payment of Vaulter’s Unlimited Account.

Paid total wages of $3,150 to two part time employees Tye Herd and Peter Ooped.

18 Made a cash sale to Flying Fran when she purchased 5 rolls of Wrist Tape for at total of $15 (net of GST)

20 Paid $414 (net of GST) to the Broadband Team for 6 months internet access.

23 Purchased 50 rolls of Wrist Tape on credit from Nothing but Support for $6 each. A $25 delivery charge was also applied. (All amounts are net of GST)

25 Issued a cheque for $6688 as full payment of Big Stick’s Account.

REQUIRED:

1. Record only the transactions that can be input into the journals provided.

Note – All sales and purchases are made on credit unless otherwise specified.

2. Total all journals at the completion of recording these transactions.
3. Only for the ledgers provided post the necessary amounts daily or at months end as appropriate.

SALES JOURNAL

DATE	DETAILS	INV.	Post Ref	SALES	FREIGHT	GST	DEBTORS

CASH PAYMENTS JOURNAL

DATE	DETAILS	Post Ref	DISCOUNT		CREDITORS	STOCK	SUNDRIES	GST	BANK
			net	GST

BANK (090)

DATE	Details	Post Ref	DEBIT	CREDIT	BALANCE
Aug 1	Opening Balance				6926 Dr