Q:Create the general journal entry for the month of April.

Customer account balances as at: March 31st, 2020 Name Address Date of Account Last Balance Invoice 542 City Road, Melbourne March 18th March 18th $5,610 ABN - 50 999 555 666 Offline Education Organisation Village Fair March 27th $6,765 601 Suburb Street, South Melbourne ABN-92 555 888 111 All credit customers are offered the following terms: 2.5%/ 15 days, net 30. Suppliers account balances as at: March 31st, 2020 Name Address Terms Account Balance $5,505 Rower Gears Ltd. Cycle Bazaar 1 Scull Street, Brunswick ABN - 50 596 794 363 14 Gove Street, Northcote ABN - 20 888 560 222 3%/ 15 days, net 30. 2%/ 15 days, net 30. $3,834 Each of the above account balances for suppliers represents deliveries of inventory received on March 24th. Goods and Services Tax: Sales and Purchases Maxwell Fitness charges GST on all sales and is charged GST on all purchases of inventory. For all business expenses other than bank interest and Wages, the GST rate is 10 %. All sales are on credit, except where specifically stated, and all business expenses are paid for with cash unless stated otherwise. Employee: Fitness Classes Maxwell Fitness has only one part-time/casual employee, Josie Barker. Josie Barker conducts fitness classes for groups. For each class, Josie's gross wage is $100 per class, regardless of the number of participants. PAYG tax is withheld at 15%. Josie Barker is paid in arrears twice per month - on the 12th and 26th. Wages Payable as at March 31, 2020 is $510. Inventory: March 31st 2020 The following is a list of inventories on hand and the suppliers as at 31st March 2020. Description Quantit Item y on Code hand 15 RM 6 EB Last Last Supplier Cost Sale Price Price $440 $700 Rower Gears Ltd. $260 $450 Cycle Bazaar Rowing Machine Exercise Bike Each of the above items of inventory are quoted net of GST. On each item, an additional 10% GST is charged on the sales price, and 10% GST is paid on the cost price. Exercise Classes: Maxwell Fitness conducts regular fitness classes in-house to groups of no more than 20 per group. Client groups pay Maxwell Fitness $440 per class which lasts for one hour. The price of $440 includes GST. Bank Loan: ANZ bank Maxwell Fitness pays $1,157.50 per month for the bank loan. This amount includes interest and principal payments where the monthly interest is fixed at $357.50. Prepaid Advertising: On January 1st, 2020, Maxwell Fitness paid $1,650 in advance for 6 months advertising. The amount paid included GST. Trial Balance as at March 31st, 2020. Credit Debit 19,456 8,160 7501 12,375 9,339 25,000 5,625 General Ledger Accounts Cheque Account Inventory Prepaid Advertising Accounts Receivable Accounts Payable Motor Vehicle Accumulated Depreciation on MV's. Office Equipment Acc. Depreciation on Office Equipment Owner's Capital GST Collected GST Paid Bank Loan - ANZ Bank, City Branch PAYG Withholding Payable Wages Payable Accrued Energy Bill TRU Energy 12,000 3,200 40,131 1,125 849 18,400 90 5101 170 $78,590 $78,590 Transactions during April 2020: 1 1 1 2 2 Paid Rent for business premises for April - $1,760 (Including GST). Bank loan and interest paid - $1,157.50. Purchases of inventory from both suppliers: from Rower Gears Ltd - 10 Rowing machines, and from Cycle Bazaar - 12 Exercise Bikes. All inventory was received within 24 hours. Paid Tru Energy for March energy bill - $170.00 (Including GST) Credit Sales of inventory to Village Fair 6 Rowing machines and 4 Exercise Bikes. Received payment from all Customers for amounts owing on March 31st Discounts for early settlement were made to customers paying inside the discount period. Paid all suppliers in full for March account balances. Discount needs to be applied for payments within the discount period. 3 3 0007 9 12 Credit sales to Offline Education Organisation 10 Rowing machines and 7 Exercise Bikes. Cash customers paid for 20 hours of Fitness classes. All classes will be completed over the next 12 days. (Since the classes will be completed in April, this transaction can be accounted/recorded as income directly rather than unearned income). Paid for motor vehicle fuel - $99 (Including GST) for the month of April Paid for office stationery expenses - $220.00 (Including GST) for the month of April. Paid for accounting fees - $770.00 (Including GST) for the month of April. Wages paid to Josie (the fitness instructor) for 10 classes completed in April as well as the wages owing for March . (Note: Do not use the employee section of MYOB, instead record the wages expense and PAYG tax withheld as a cash payment. Use the spend money section to pay wages). Adeline (owner) withdraws cash drawings of $1,500.00. Adeline takes home an exercise bike as drawings. Paid for motor vehicle fuel - $132.00 (Including GST) for the month of April. Wages paid to Josie for another 10 classes completed in April. (Note: Do not use the employee section of MYOB, instead record the wages expense and PAYG tax withheld as a cash payment. Use spend money section to pay wages). 14 23 25 26 30 The monthly bank statement received from ANZ Bank for April showed the following: Bank fees - $20.00. (GST exempt). Direct Debit (on April 1) from CBA Insurance for $178.00 (Including GST). This insurance is for the month of April 2020. In previous months, CBA used to send the Invoice directly to Maxwell Fitness, but it is now a direct debit from the account. Balance Day Adjustments at April 30th, 2020. Some of the necessary adjustments are to be found in the transactions above. Other adjustments are listed below: 1) All Non-Current Assets (Motor Vehicle and Office Equipment) to be depreciated at 15% per annum Straight Line on cost. 2) Advertising Expense was prepaid on January 1, 2020 for 6 months. 3) An energy bill from Tru Energy for April $209.00 (Including GST) has not been recorded or paid yet