Task 2

The following transactions for Feb 2020 relate to a business operated by Amazon Traders.

Note:

Where applicable amounts are GST inclusive

If there is not an appropriate column then use the sundries column

Date Feb	Invoice #	Details Particulars	GST Yes /No	Amount $
1	CR1	Ben Hur the owner contributed cash to commence business	No	30,000
2	101	Purchased Computer for cash		2,750
	102	Paid rent of premises		1,320
3	103	Cash purchase of inventory		2,200
4	CR2	Cash sales of inventory		1,100
	CR3	Commission received		880
5	104	Ben Hur withdrew cash for personal use	No	110
6	BS	Bank interest received	No	50
7	EFT	Paid February wages	No	650
	105	Paid advertising expense		550
8	BPay	Paid Council rates	No	900
9	BS	Bank charges paid	No	25
10	CR4	Cash sales of inventory		770

Enter these transactions into the cash receipts journal or cash payments journal and total the books at the end of the month according to the business policies and procedures.

(Refer to Chapter 10 Accounting Principles Book One to complete this task)