March $2021$ transactions:

Mar

$1$ Record the reversing entry for wages that were accrued.

$1$

Susan ordered $50$ x PC$01$ Inflatable Play Centres from BB and Co at a cost of

$$206$ each $($exc GST$)($Purchase order$/$Invoice #$492)$ Hint: Setup the new

inventory item $($refer to Page $4$ for item details$)$

Freight charges were exempt as the purchase was over $$5,000.$ Ensure tax

inclusive box is not ticked.

Received the Supplier Invoice # $1022$ the same day $($Ignore the pre$-$dated

message when recording the purchase$)$

$2$ Superannuation payable of $$142\mathrm{.}5$ was paid to Superfast by Cheque # $891$

$2$

Cash sale $($paid by EFTPOS$)$: Hint: You will need to create a customer called

$$Cash$$ with C$.$O$.$D terms

$1$ x AU$01$ Audi Ride on car, $1$ x PC$01$ Inflatable Play Centre.

Ensure tax inclusive box is ticked when recording the cash sale.

$3$

Cash sale $($paid by Cash$)$:

$1$ x SG$01$ Soccer Goal set, $1$ x PT$01$ Pool inflatable float and $2$ x KY$01$ Kids

Kayaks with Paddle. The money was put in the safe overnight for the next

banking.

Ensure tax inclusive box is ticked when recording the cash sale. Hint: Use the

same processing method as the tutorial work.

AYB$106$ Assignment Semester $12024$ Page $6$

$4$ Received an EFT payment from Samuel and Jo for Invoice #$1902$ taking into

account any discount if applicable.

$4$

Cash sale $-2$ x AU$01$ Audi Ride on cars, $2$ x FR$01$ Ford Ranger $12$V Ride on cars,

$1$ x CB$01$ Cubby House. The customer paid Cash.

Ensure tax inclusive box is ticked when recording the cash sale. Hint: Use the

same processing method as the tutorial work.

$5$ Prepared a bank deposit and banked the money from the cash sales.

$5$

Credit sale to Trinity Jones $$ Invoice # $1907($PO # $81)$

$4$ x QB$01$ Quad Bikes $6$V

$8$ x KY$01$ Kids Kayaks with Paddle

$8$ x CB$01$ Cubby Houses

$15$ x PT$01$ Pool Inflatable Floats

Add a freight charge of $$150$ to the invoice.

$6$

Cash sale $-4$ x PC$01$ Inflatable Play Centres, $5$ x SG$01$ Soccer Goal Sets, $6$ x

PT$01$ Pool Inflatable Floats. The customer paid Cash. The money was kept in the

safe for the next banking.

Ensure tax inclusive box is ticked when recording the cash sale. Hint: Use the

same processing method as the tutorial work.

$8$ Received an invoice from Adsell $$3,800($inc GST$)$ for website and shop

advertising. The invoice was paid using the business credit card.

$8$

Wrote cheque # $892$ to pay Susan$$s fortnightly net wage. Susan had a gross pay

of $$3,000$ with $$670$ tax deducted. Wages are paid for the fortnight just worked

$($up to and including the Friday$)$ Hint: Follow the same process as the text

regarding processing the payment of wages.

Note: superannuation is not included when paying wages for simplicity

$10$

Returned $5$ x PC$01$ Inflatable Play Centres for a credit as they were faulty. The

supplier waived freight costs as KidsLife is a good customer.

Hint: $($Default should be Purchase # $493/$Supplier Inv #$122.$ Use default

adjustment number $).$ Follow the same process as the tutorial work to apply a

return.

$11$ Paid BB and Co the balance outstanding for the purchase made on the $1$st March

taking into account any discount if applicable.

$11$

Credit sale to Trinity Jones $$ Invoice # $1909($PO # $82)$

$5$ x AU$01$ Audi Ride on cars

$8$ x CB$01$ Cubby houses

Freight has been exempt on this invoice

$13$

Cash sale $-7$ x PC$01$ Inflatable Play Centres, $5$ x QB$01$ Quad Bikes $6$V$.$ The

customer paid by cheque. The cheque was put in the safe for the next banking.

Ensure tax inclusive box is ticked when recording the cash sale. Hint: Use the

same processing method as the tutorial work.

$15$ Received an EFT payment from Mr Tims and Co for Invoice #$1903$ taking into

account any discount if applicable.

AYB$106$ Assignment Semester $12024$ Page $7$

$15$ Susan banked the cheque along with cash that was kept in the safe. The total

amount of the deposit was $$5,457\mathrm{.}87.$

$15$ Received an EFT payment from Trinity Jones for Invoice #$1907$ taking into

account any discount if applicable.

$19$

Credit sale to Samuel and Jo at an agreed price $($Invoice #$1912)($Customer PO #

$83).$ Also apply a discount of $3\%$ on all items. Freight costs waived.

$3$ x AU$01$ Audi ride on cars $($agreed price of $$125)$

$10$ x FR$01$ Ford Ranger $12$V ride on cars $($agreed price of $$490)$

$20$

Cash sale $($paid by EFTPOS$)$:

$12$ x CB$01$ Cubby houses, $23$ x KY$01$ Kids Kayaks with paddle; $16$ SG$01$ Soccer

Goal Sets; $17$ x FR$01$ Ford Ranger $12$V Ride on cars

Ensure tax inclusive box is ticked when recording the cash sale.

$22$

Wrote cheque # $894$ to pay Susan$$s fortnightly net wage. Susan$$s pay was the

same as last fortnight.

Note: superannuation is not included when paying wages for simplicity

$22$ Paid Volts and Wheels with Cheque # $895$ clearing the amount owing for Invoice

#$491.$ You need to take into account any discount if applicable.

$24$ Received a cheque from Trinity Jones for Invoice #$1909$ taking into account any

discount if applicable. The cheque was put in the safe for the next banking.

$25$

Cash sale $($paid by cash$)$:

$8$ x SG$01$ Soccer Goal sets, $6$ x PT$01$ Pool Inflatable Floats

The cash was banked by clos