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How to record transaction for

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Question 1: How to record transaction for

  • The owner of Dependable Security Ltd provides you with the trial balance as at 31 March 2019 as well as the following information.
  • Dependable Security Ltd is registered for GST and accounts for GST on an invoice basis. All figures stated below are GST exclusive unless otherwise stated.

Additional information:

Point 1) In March 2019, Dependable Security Ltd started selling a new security camera on commission. During March 2019 the $6,500.00 of the cameras were sold. Commission is earned on the sales at 2% of the sales figure. Commission is paid by the supplier to Dependable Security Ltd on the 20th of the month following the sales.

Reference no: EM132498235

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