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Riviera Interior Design had the following transactions for the year ended 30 June 2020: This business is registered for GST 1 July 2019 Created a

Riviera Interior Design had the following transactions for the year ended 30 June 2020: This business is registered for GST

1 July 2019

Created a provision for warranties for $7,600. None had previously existed.

1 April 2020

Agreed to accept a 90-day (due date fixed) bill of exchange from CBD Wholesalers in relation to an overdue account payable of $8,700, together with interest at 5% per year.

30 May 2020

Riviera Interior Design pays the bill payable to Zed Manufacturers.

14 June 2020

A successful claim was made by a customer for a fault in an antique table they had previously purchased. The antique table was under warranty. The cost to rectify the fault was $627 including GST which was paid in cash.

30 June 2020

The payroll and payroll deductions for June 2020 were as follows:

Gross wages $63,120

PAYG tax $18,936

Superannuation contributions $5,996

Medical insurance $4,080

Required:

Prepare general journal entries to record the above transactions. Narrations are not required.

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