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Rosa's Retail Ltd uses a periodic inventory system and all sales and purchases are on credit It lodges quarterly business activity statements with the taxation authority. Cell reterencing not required. Required Record the joumal entries during the June 2019 quarter for purchases $5,500 including GST and sales $17,000 including GST. Round all monetary amounts to the nearest dollar To record purchases of inventory ac to debit debit c to credit To record sales to customers a/c to debit alue ac to credit $ value aic to credit $value To record payment of GST owing to the tax authority a/c to debit value alc to credit $ value alc to credit $ value Question 7 (b) Required Use the data provided in part a to answer the tollowing questions: Record the joumal entries for the June quarter assuming the company uses a GST clearing account. Round all monetary amounts to the nearest dollar. Cell referencing not required To record purchases of inventory value to debit aic to credit To record sales to customers a/c to credit $ value alc to credit $ value To record payment of GST owing to the tax authority aic to debit value a/c to credit $ value