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Prepare the journals for april for cash receipts journal

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Reference no: EM132755370

APC Pty Ltd had the following transactions during April 2019:

1 April: Started business with $8,000 cash

2 April: Borrowed $4,000 from CBA

5 April: Bought goods for cash costing $9,900 including GST

6 April: Sold goods on credit to Mary for $660 including GST

7 April: Mary returned goods valued at $220 including GST

8 April: Sold goods for cash $1,100 including GST

15 April: Bought furniture on credit from IKEA costing $3,300 including GST

16 April: Bought goods on credit from XYZ Suppliers costing $880 including GST

17 April: Returned goods to XYZ Suppliers valued at $110 including GST

20 April: Paid wages $600 in cash

21 April: Paid IKEA $3,300 in full settlement of account

28 April: Received $200 from Mary

Required:

Problem a: Use the following tables to prepare the journals for April:

1. Cash receipts journal

2. Cash payment journal

3. Sales journal

4. Purchase journal

Reference no: EM132755370

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