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- QUESTION 38 AAA Star Pty Ltd buy new chairs for SSD cach (plus 10% GST) and then sells them for 580 each (plus 10% GST).On 1 April 2016, there were a total of 35 chairs stil on hand in Inventory. AAA Star Pay Ltd completed the following transactions during April, 2016. The business is registered for GST purposes and uses a Perpetual Inventory system April 4 4 Purchased 70 chairs on account, from Growth Traders. Terms: 2/101/30. Additionally, the business paid freight cost of $144 (plus 10% GST) on the 4 April purchase. 6 Sold chairs on account, to Kenny Cafe Terms: 310,n30. Pald freight cost of $70 (plus 10% GST) 8 Returned 13 of the chairs purchased on 4 April and paid the amount due to Growth Traders on the chairs retained in stock. A customer, Kenny Cafe, returned 4 of the chairs sold on April. The chairs were not defective and were returned to stock. 15 Received payment from the customer, Kenny Cafe, for the amount due on 6 Aprile Select the correct joumal entry for April transaction allow for rounding off to the nearest 5 dollar) Debit Inventory 650 Debit - GST Receivables Credit Accounts Payable 715 Debit Accounts Payable 3135 Credit Discount Received 5 Credit GST Receivables Credit Cash at Bank 3072 715 Debit - Accounts Payable Credit Inventory Credit - GST Receivables 650 3135 57 Debit Accounts Payable Credit Discount Berved Credit - GST Receivables Credit Cash at Bank 3072 O 715 Debit - Accounts Payable Credit - GST Receivables Credit Inventory 650 307 57 Debit - Cash At Bank Debit-Discount Received Debit - GST Receivables Credit - Accounts Payable 3135 o Debit Inventory Debit - GST Receivables Credit Accounts Payable 715 Debit Cash At Bank Debit-Discount Received Debit - GST Receivables Credit - Accounts Payable 3072 57 6 3135 O None of the above