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Foxwedge Pty Ltd operates a small business. Foxwedge Pty Ltd accounts for and reports GST on an accrual basis quarterly. During the June quarter the

Foxwedge Pty Ltd operates a small business. Foxwedge Pty Ltd accounts for and reports GST on an accrual basis quarterly. During the June quarter the following transactions occurred.

Required:

Complete the GST Calculation Worksheet for Foxwedge's June quarter BAS.

All amounts include GST where applicable.

Receipts ($)

Sale of goods

200900

Export sales

12150

GST-free sales

5600

Commercial rent received

14600

Sale of printing equipment

19750

Bank interest received

2409

Dividends received

255

Bank loan received

310000

Payments ($)

Salaries and wages

58400

Superannuation

5440

Rent of business premises

15600

General business expenses

33465

Purchase of fax machine

4940

Printing supplies

42520

Interest paid

120

Telephone bill

5260

Drawings

152500

Bank charges

670

Insurance (no stamp duty)

2620

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