QUESTION 37 AAA Star Pty Ltd buys new chairs for so each (plus 10 GST) and then sells them for $30 each(plus 10% GST).On 1 April 2016, there were a total of 35 chairs stil on hand in Inventory. AAA Star Pty Ltd completed the following transactions during April, 2016. The business is registered for GST purposes and uses a Perpetual Inventory system April Purchased 70 chairs on account, from Growth Traders. Terms: 2/10,n30. Additionally, the business paid freight cost of $144 (plus 10% GST)on the 4 April purchase. Sold chairs on account, to Kenny Cafe Terms: 310,n30. Pald freight cost of $70 (plus 10% GST) Returned 13 of the chairs purchased on 4 April and paid the amount due to Growth Traders on the chairs retained in stock. 10 A customer, Kenny Cafe, returned 4 of the chairs sold on April. The chairs were not defective and were returned to stock. 15 Received payment from the customer, Kenny Cafe, for the amount due on April salc. Select the correct oumal entry for April transaction allow for rounding off to the nearest 5 dollar O 4 240 Debit Sales Debit - GST Payable Credit - Accounts Recebi 484 2650 Debit Cost of Sales Credit - Inventory 2650 Debit - Freight Outward Debit - GST Receivables Credit Cash At Tank 70 7 77 Debit - Accounts Receivable Credit - GST Payable Credit - Sales 2650 Debit - Inventory Credit - Cost of Sales 2650 Debit - Freight Outward Debit - GST Receivables Credit Cash At Bank 70 7 77 Debit - Accounts Receivable Credit - Sales Credik-GST payable 4240 2650 Debit - Cost of Sales Credit - Inventory 2650 Debit - Freight Outward Debit - GST Receivables Credit Cash Ac Bank 70 7 O Debit - Accounts Receivable Credit - GST Payable Credit - Sales 4 240 2650 Debit - Inventory Credit - Cost of Sales 2650 Debit - Cash At Bank Credit - Freight Outward Credit - GST Receivables 70 None of the above