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Luxury Goods Pty Lod buys new chairs for 100 eachplus 10 GST) and then sells them for 160 each plus 10% GST).On 1 Apr 2016,

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Luxury Goods Pty Lod buys new chairs for 100 eachplus 10 GST) and then sells them for 160 each plus 10% GST).On 1 Apr 2016, there were a total of 36 chairs still on hand in Inventory Luxury Goods Pey completed the following transactions during April 2016. The business is registered for GST purposes and uses a Perpetual Inventory system April Purchased 70 chairs on account, from Supreme Traders. Terms: 2/10, 1/30 Additionally, the business paid freight cost of $288 (plus 10% GST) on the Apre purchase 5 Sold 53 chairs on account to Price Cafe Terms: 110,30. Paid freight cost of $140 plus 10% GST) B Returned 13 of the chairs purchased on 4 Aprs and paid the amount due to Supreme Traders on the chairs retained in stock 10 The customer Price Cafe, returned 4 of the chairs sold on April. The chairs were not defective and were returned to stock 12 Received payment from the customer, PriceCafe. For the amount that was due on the 6 April sale Select the correct huma entry for April 12 transaction allow for rounding off to the rest doitar) Debit-Cash At Bank 8356) Debit-Discount Allowed 234 Debt-GST paytle 24 Credit Accounts Rece 1624 Debit Cash Al Bank 3366 con lowe 250 Ob pole Creole 24

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