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Mills and Block is a small business in the city of Geelom sells a range of guitar foot pedals. One of the most popular items
Mills and Block is a small business in the city of Geelom sells a range of guitar foot pedals. One of the most popular items is the 'Boss Finger 2, The selling price for the 'Boss Flanger 2' is $165 (including GST) with a cost price from the Boss suppliers of $110 (Including GST). The following transactions all occurred on April 27, 2024 and the owner has asked you to record them into the General Journal. iv. Purchased a new security system from 'Spy Ware', another small business in Geelong. Terms of payment are as follows. The full cost is $5500 (Including GST) with 10 equal monthly payments. One payment was made immediately on April 27, and the remaining 9 will commence from May 31, 2024
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