PART B: GST (9 marks) Express Events Ltd is registered for GST on the Invoice basis. You have been asked to prepare their GST return for the two months ended 31 March 20x2 You have been provided with the following information for the two months ended 31 March 20x2. All figures are GST inclusive. Cash Receipts Sales 95,250 Interest received on Investment 500 Rent received (on premises next door leased to a web designer) 5,200 Cash Payments Cash Purchases of party supplies (NZ Supplier) 23,150 Purchases of party supplies (purchased online from the UK) 5,750 Power 7,510 Insurance 2,320 Rates 1,595 Salaries and Wages 21,700 Travel and Accommodation 7,320 Purchase of iPad 1,200 Additional Information Bad debts written off 805 Bad debts recovered 525 Accounts receivable Feb 1 2,550 Mar 31 3,950 Accounts payable Feb 1 5,400 Mar 31 6,900 The Travel and Accommodation amount includes $1,800 for a two-day business trip to Sydney. The iPad is to be used 25% for private purposes. Required: Prepare the GST Return (IRD Form- GST 101A) and GST Adjustments sheet (IRD Form IR372) for Express Events Limited for the two months ended 31 March 20x2 PART B: GST (9 marks) Express Events Ltd is registered for GST on the Invoice basis. You have been asked to prepare their GST return for the two months ended 31 March 20x2 You have been provided with the following information for the two months ended 31 March 20x2. All figures are GST inclusive. Cash Receipts Sales 95,250 Interest received on Investment 500 Rent received (on premises next door leased to a web designer) 5,200 Cash Payments Cash Purchases of party supplies (NZ Supplier) 23,150 Purchases of party supplies (purchased online from the UK) 5,750 Power 7,510 Insurance 2,320 Rates 1,595 Salaries and Wages 21,700 Travel and Accommodation 7,320 Purchase of iPad 1,200 Additional Information Bad debts written off 805 Bad debts recovered 525 Accounts receivable Feb 1 2,550 Mar 31 3,950 Accounts payable Feb 1 5,400 Mar 31 6,900 The Travel and Accommodation amount includes $1,800 for a two-day business trip to Sydney. The iPad is to be used 25% for private purposes. Required: Prepare the GST Return (IRD Form- GST 101A) and GST Adjustments sheet (IRD Form IR372) for Express Events Limited for the two months ended 31 March 20x2