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The following transactions occurred during June 2 0 2 3 and are INCLUSIVE of GST where appropriate. 2 0 2 3 June 1 Scallion Ltd

The following transactions occurred during June 2023 and are INCLUSIVE of GST where appropriate.
2023
June 1 Scallion Ltd shareholders invested $60,000 cash in the business.
Purchased land and an existing retail store for $110,000 of which $77,000 is considered land cost. Paid $33,000 by cheque no.98 for the retail store and signed a mortgage payable for the balance. The retails store is depreciated over its useful life of 10 years.
2 Paid Lynwood Ltd $14,700 less a discount of $594 with cheque no.99.
Received cheque from M. Biller for $10,000 as part payment of his account
Purchased store furniture on credit terms from Corma Ltd for $7,480, terms n/60.
5 Purchased inventory on credit terms from Tumult Ltd $4,400; invoice date 6 June, terms 2/10, n/60.
6 Purchased a 3-year fire insurance policy for $792, cheque no.100.
7 Sent cheque no.101 to Tumult Ltd in full settlement of May invoice
8 Purchased inventory for $5,500, cheque no.102.
Paid Lynwood Ltd $15,000 cheque no.103 for balance owing on May account.
9 Returned unsatisfactory goods to Tumult Ltd and received a credit note for $880.
13 Sold inventory to M. Biller on account, $9,020; invoice no.210, terms 1/10, n/30.
15 O. Mowen paid his account in full.
Paid Tumult Ltd amount due for June 6 invoice, cheque no.104.
Cash sales for period to 15 June were recorded today, $3,740.
16 Sold inventory to O. Mowen on account $5,170; invoice no.211, terms 1/10, n/30.
Paid salaries for period to 15 June totaling $2,650, cheque no.105.
17 M. Biller paid the balance of his May invoice.
20 Purchased inventory on credit terms, from Lynwood Ltd, $5,390; invoice date 20 June, terms 1/10, n/30.
Sent cheque, no.106 to Dyson Ltd in full settlement of the account.
22 Received account for $143 from M. Parson for items chargeable to office expenses, terms n/30.
23 Received inventory returned by O.Mowen and issued a credit note for $2,200.
Received a cheque from M. Biller for invoice no.210.
26 Received a cheque from O. Mowen for balance due on invoice no.211
Purchased inventory from Dyson Ltd for $35,750, terms, 1/20, n/30.
29 Sold inventory worth $15,400 on credit to J. Rowls; invoice no.212, terms 1/10, n/30.
Paid $220 for electricity expenses, cheque no.107.
Paid Lynwood Ltd for the invoice dated 20 June, cheque no.108.
30 Purchased inventory on account from Amcor Ltd $26,400, terms 2/10, n/30.
Cash sales from 16 June to 30 June were $2,145.
Paid salaries for period 16-30 June totaling $2,850, cheque no.109.
Purchased office supplies for $330, cheque no.110.
Received account from C. Bond for $110 for delivery expenses for the month.
Sold inventory on credit to O. Mowen for $17,600, invoice no.213, terms 1/10, n/30.
Purchased printer for use in the business office at a cost of $825 using a short-term loan.

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