Question
Cristo operates a convenience store. It accounts for and reports GST on an accrual basis. Cristo received the following income in the June quarter, all
Cristo operates a convenience store. It accounts for and reports GST on an accrual basis. Cristo received the following income in the June quarter, all amounts include GST where applicable
| Cake sales | $1,500 |
| Fresh milk sales | 600 |
| Fruit sales | 2,800 |
| Newspaper sales | 500 |
| Sandwich sales | 17,200 |
| Soft drink sales | 1,400 |
REQUIRED: For completing the BAS Calculate items G1, G2 and G3 for Cristo's June quarter. Record below:
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
11th Edition
1119594596, 978-1119594598
