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QUESTION 1: There are 20 marks allocated to this question. REQUIRED: Record the following events from the November transactions of the company Shortcuts to Food
QUESTION 1: There are 20 marks allocated to this question. REQUIRED: Record the following events from the November transactions of the company Shortcuts to Food managed by Ena Muddle and Al Laconfuse in the appropriate journals provided and post amounts to the ledgers as appropriate. Note All sales and purchases are made on credit unless otherwise specified. (You are required to total all journals at the completion of recording all transactions) November 2 Purchased 200 Ready to Heat and Eat pasta meal packets for $12 each plus a $60 freight charge (all net of GST). November 3 Sold 30 Ready to Heat and Eat pasta meal packets to The Local Community Centre for $20 each (net of GST). November 4 Sold 70 Ready to Heat and Eat pasta meal packets to Public School Camps for $20 each (net of GST). November 6 Purchased 60 Ready to Heat and Eat pasta meal packets for $14 each plus a $20 freight charge (all net of GST). November 8 Received $750 owed by All Care Hospital for Gourmet Meals in Tin purchased in October. Made a cash sale of 10 Ready to Heat and Eat pasta meal packets for $20 each (net of GST) to Daz Jonners November 10 Received the full amount owed by The Local Community Centre from the November 3 sale less a 5% discount for early payment. [17 marks] SALES JOURNAL SALES GST DATE Pot Ref DERTORS DETAILS INV PURCHASES JOURNAL INV Pot Ref STOCK DAT DETAILS FREIGHT GST CREDITORS DATE DETALES PR CASH RECEIPTS JOURNAL DISCOUNT DESTORS SALES GST SUNDRIES GST BANK DATE GENERAL JOURNAL Port Ref ACCOUNTS DERIT CREDIT DATE November 1 Accounts Receivable Control (195) Post Ref DERIT Opening Balance CREDIT BALANCE 12.580 De DATE Det Sales (400) DERIT BALANCE
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