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Can you please answers all of the questions for PSA 5.12 cierai leuger accounts. PSAS.12 Journalise inventory entries under a perpetual inventory system with GST.
Can you please answers all of the questions for PSA 5.12
cierai leuger accounts. PSAS.12 Journalise inventory entries under a perpetual inventory system with GST. LO9 On 1 September, Better Office Supplies had an inventory of 30 deluxe pocket calculators at a cost of $20 each. The business uses a perpetual inventory system and FIFO inventory cost flow method. During September, the following transactions occurred: Sept. 6 Purchased 80 calculators at $22 each from Digital Ltd for cash. Paid freight of $88 to We Deliver on calculators purchased from Digital Ltd. Returned two calculators to Digital Ltd for $44 credit because they did not meet specifications. Sold 26 calculators for $33 each to Reader Book Store, terms n/30 Granted credit of $33 to Reader Book Store for the return of one calculator that was not ordered. Sold 30 calculators for $33 each to Mega Ltd, terms n/30. 9 10 12 14 20 Required Journalise the September transactions, assuming all businesses were registered for GST and the GST rate was 10% Step by Step Solution
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