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Question - The following transactions were undertaken by Mia's Cleaning Services during the month of Aug 2020. The business is registered for GST.
Aug 1: Invoiced a client $1,000 plus GST for the service provided, the client is expected to pay within 10 days.
Aug 5: The business owner Mia further invested $8,?000 capital into the business to ensure it has sufficient cash for operations.
Aug 10: Purchased office supplies for $220 (including GST) on credit.
Aug 10: Received the payment from the client invoiced on August 1
Aug 30: Paid employee salary for the month, $1,500.
Required -
A. Journalize the transactions above. Narrations are required.
B. Post the journal entries in A to the provided ledger accounts.
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