refer to Chapter 7 Accounting Principles Book one to complete the following Task 7 - 8 Happy Pictures had the following transactions during June. All amounts include GST where applicable. Date Details Amount Cost of Sale (incl GST) June 2 Sale to Sherwin $ 1,100 $ 850 June 5 Sale to Bill $ 1,034 $630 June 12 Sales to Liam $ 1,672 $1,400 June 18 Return from Sherwin $ 165 $100 June 22 Cash Receipt - Bill $ 935 Task 7 Create General Journal Entries and post to the General Ledger and Receivables ledgers Answer: Date Date Particulars June 01 Balance General Journal - RMIT Bookstore Particulars Debit Credit General Ledger - RMIT Bookstore Bank Debit Credit Balance 6,800 DR Account Receivable Date Particulars Debit Credit Balance Inventory Date Particulars Debit Credit June 01 Balance Balance 12,500 DR GST Collected Date Particulars Debit Credit Balance Capital Date Particulars Debit Credit June Balance Balance 19,300 DR 01 Sales Revenue Date Particulars Debit Credit Balance COGS Date Particulars Debit Credit Balance Date Particulars Receivables Subsidiary Ledger - RMIT Bookstore Bill Debit Credit Balance Liam Date Particulars Debit Credit Balance Sherwin Date Particulars Debit Credit Balance Receivables Reconciliation - RMIT Bookstore Bill Liam Sherwin Balance per Control Account