Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DeLeMBEP BAS Required: Calculate and complete Option 3 of the March BAS for Jakkal Bery Question 8. Postastic has the following account balances for the

image text in transcribed
image text in transcribed
DeLeMBEP BAS Required: Calculate and complete Option 3 of the March BAS for Jakkal Bery Question 8. Postastic has the following account balances for the current quarter. All amounts include GST where applicable. Account Details Commercial rent received Residential rent received Sales of goods Interest received Sales of services Export sales Wages & salaries 9,900 11,000 60,000 550 17,000 G 26,000 C 55,000 6,600 3,000 4,400 Stationery Depreciation Accounting fees Current Version: 2.0 CRICOS Provider No. 031880 RTO Provider No. 52128 Author: WAIFS Current Version issue Next review date:Page 4 of s Date: 06/03//2019 Initial issue date 06/03/2019 05/03/2020 Electricity Business insurance premiums Interest on loan Promotional expenses Bank fees Motor vehicle operating costs Telephone Council and water rates Repairs to residential rental property IPA subscriptions Superannuation contributions Stock purchases Commercial rent expenses Purchase of new printer Sale of old printer PAYG tax 660 440 1,320 1,100 880 770 550 121 2,250 13,000 735 2,860 1,100 22,000 2.50% Commissioners Rate Required (using a cash basis): Complete a GST Calculation Worksheet and BAS for Postastic for the quarter. DeLeMBEP BAS Required: Calculate and complete Option 3 of the March BAS for Jakkal Bery Question 8. Postastic has the following account balances for the current quarter. All amounts include GST where applicable. Account Details Commercial rent received Residential rent received Sales of goods Interest received Sales of services Export sales Wages & salaries 9,900 11,000 60,000 550 17,000 G 26,000 C 55,000 6,600 3,000 4,400 Stationery Depreciation Accounting fees Current Version: 2.0 CRICOS Provider No. 031880 RTO Provider No. 52128 Author: WAIFS Current Version issue Next review date:Page 4 of s Date: 06/03//2019 Initial issue date 06/03/2019 05/03/2020 Electricity Business insurance premiums Interest on loan Promotional expenses Bank fees Motor vehicle operating costs Telephone Council and water rates Repairs to residential rental property IPA subscriptions Superannuation contributions Stock purchases Commercial rent expenses Purchase of new printer Sale of old printer PAYG tax 660 440 1,320 1,100 880 770 550 121 2,250 13,000 735 2,860 1,100 22,000 2.50% Commissioners Rate Required (using a cash basis): Complete a GST Calculation Worksheet and BAS for Postastic for the quarter

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audits Of 401k Plans

Authors: Deloitte And Touche

2nd Edition

1119722039, 978-1119722038

More Books

Students also viewed these Accounting questions