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The Bambi Company commenced operations in December and records its operations in a single ledger. The following information relates to its production for the month:

The Bambi Company commenced operations in December and records its operations in a single ledger.

The following information relates to its production for the month:

Raw material purchased on credit (including 10% GST)

$22,000

Raw material issued to production

$15,000

Raw material issued as factory supplies

$2,000

Direct labour charged to production

$17,000

Indirect labour

$2,000

Factory labour payroll paid (net of PAYG Withheld of $3,000)

$16,000

Factory rent paid excluding 10% GST

$8,500

Depreciation on factory machinery

$7,500

Factory Overhead charged to production

$20,000

Cost of Goods Manufactured sent to finished goods store

$32,000

Goods sold on credit: Sales price (excluding 10% GST)

Cost price of Goods Sold on credit

$30,000

$22,000

Required:

Prepare the general journal entries to record the above transactions that took place during December.

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