Peter Dench is the owner of Dench Electronics The business distributes spare parts for electronics and home appliances to both retailers and electricians Denchs business is registered for GST on an invoice basis The transactions for March were as follows All figures are GST inclusive where applicable REQUIRED a ) Record the above transactions using Purchases Journal, Sales Journal, Cash Receipts Journal, Cash Payments Journal and the General Journals (Please ignore Post Ref columns) Assuming Dench Electronics operates under the GST invoice basis GST Percentage is 15 General Journal of Electronics Date Accounts Post Ref Debit Credit Purchases Journal Date Supplier Invoice Number Post Ref Invoice Amount Purchases Amount GST Paid Sales Journal Date Customer Invoice Number PostRef Invoice Amount Sales Amount GSTReceived Cash Receipts Date Received From PostRef Total Received Total Banked Accounts Receivable Sales Other Accounts GST Received Cash Payments Date Description Cheque Number PostRef Bank Accounts Payable Office Supplies Rent Wages Purchases GST Paid Owner invested $5,000 to commence his business Purchased merchandise on credit from Reliable Distributor, $13,708 Invoice No 912 Sold merchandise to First Home Appliance, $5,704 nvoice No 428 Pu ase office supplies for cash, S2,070 Cheque No 101 Goods return by First Home A ances 84 Credit Note No 101 ed Paid rent for the month, $920 Cheque No 102 Returned merchandise to Reliable Distributor 368 Credit Note No 534 10 Paid Reliable Distributor for merchandise purchased on 2 March Cheque No 103 12 Sold merchandise for cash, $20,240 First Home Appliance paid its accounts 16 Cash purchase of goods 3,800 Cheque No 104 Purchase an office computer, $2,300 from Computer World on credit voice No 1167 21 Sold merchandise to Harris Store, $3,864 voice No 429 24 Sold merchandise to Smith Retailers, S6, 440 Invoice No 430 27 Paid wages to staff, S7,800 Cheque No 105 28 Pu ased merch andise on credit from Electronic Wholesalers S9, 384 Invoice No 695 30 Sold goods for cash 10,120

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Peter Dench is the owner of Dench Electronics. The business distributes spare parts for electronics and home appliances to both retailers and electricians. Denchs business

Peter Dench is the owner of Dench Electronics. The business distributes spare parts for electronics and home appliances to both retailers and electricians. Denchs business is registered for GST on an invoice basis. The transactions for March were as follows. All figures are GST-inclusive where applicable. image text in transcribed

REQUIRED: a.) Record the above transactions using Purchases Journal, Sales Journal, Cash Receipts Journal, Cash Payments Journal and the General Journals. (Please ignore Post Ref columns) Assuming Dench Electronics operates under the GST invoice basis". GST Percentage is 15%. General Journal of Electronics:

Date	Accounts	Post Ref	Debit	Credit

Purchases Journal:

Date	Supplier	Invoice Number	Post Ref	Invoice Amount	Purchases Amount	GST Paid

Sales Journal:

Date	Customer	Invoice Number	PostRef	Invoice Amount	Sales Amount	GSTReceived

Cash Receipts:

Date	Received From	PostRef	Total Received	Total Banked	Accounts Receivable	Sales	Other Accounts	GST Received

Cash Payments:

Date	Description	Cheque Number	PostRef	Bank	Accounts Payable	Office Supplies	Rent	Wages	Purchases	GST Paid

Owner invested $5,000 to commence his business Purchased merchandise on credit from Reliable Distributor, $13,708. Invoice No. 912 Sold merchandise to First Home Appliance, $5,704 nvoice No.428 Pu ase office supplies for cash, S2,070. Cheque No. 101 Goods return by First Home A ances 84. Credit Note No. 101 ed Paid rent for the month, $920. Cheque No. 102 Returned merchandise to Reliable Distributor 368. Credit Note No. 534 10 Paid Reliable Distributor for merchandise purchased on 2 March. Cheque No. 103 12 Sold merchandise for cash, $20,240 First Home Appliance paid its accounts 16 Cash purchase of goods 3,800. Cheque No. 104 Purchase an office computer, $2,300 from Computer World on credit voice No. 1167 21 Sold merchandise to Harris Store, $3,864. voice No. 429 24 Sold merchandise to Smith Retailers, S6, 440. Invoice No. 430 27 Paid wages to staff, S7,800. Cheque No. 105 28 Pu ased merch andise on credit from Electronic Wholesalers S9, 384. Invoice No. 695 30 Sold goods for cash 10,120