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Cracko Ltd uses a perpetual inventorysystem. During September, the following tansactions and events occurred. All transactions are exclusive (net of GST. Sept 3 Purchased $3,000
Cracko Ltd uses a perpetual inventorysystem. During September, the following tansactions and events occurred. All transactions are exclusive (net of GST. Sept 3 Purchased $3,000 of inventory terms 2/5, 1/60. 6 Returned $300 of the inventorypurchased on Sept 3. 7 Paid Freght charges of$150 on goods purchased on Sept 3. 12 Paid for the goods purchased on Sept 3. 13 Sold goods on credit or $1,000, tems 15. n30. Cost of Sales was $400. Received payment from the customer of Sept 13. Required: Prepare the journal entries to record the transactions and indude add GST (10% where applicable Particulars Debit Credit Date Sep 3 Sep 6 Sep 7 Sep 12 Sep 13 Sep 23
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