(Note: Although this question is based on the Skate 'n' Surf business the accounts, amounts and transactions involved may differ between questions. Please read each question separately.) Skate 'n' Surf began operations on 1 June, buying and selling surfboards, skateboards, wet suits and the protective gear for skateboarding. The structure of the business is that of a sole trader.

The buisness employed a sales assistance during the month who is meant to be payed fortnightly. Tax deducted from the employees wages (PayG withholding tax) and remitted to the Australian tax office (ATO) on quarterly basis

The business has not registered with the ATO for the goods and services tax (GST) and has elected to use the accrual basis of accounting.

ACCOUNTING RECORDS The business records all transactions in the general journal. These transactions are then posted to the appropriate account(s) in the general ledger. The accounts receivable and accounts payable subsidiary ledgers are provided for information only, you are not required to post to these ledgers.

CHART OF ACCOUNTS The chart of accounts for Skate 'n' Surf contains the accounts and account numbers below.