Reference no: EM132983848
The following transactions occurred for Happy Life Ltd. during September.
2018 Transaction details
1 Sept Sold goods to A Smith on credit $5,753 including GST
2 Sept Cash sales $3,300 including GST
2 Sept Cash purchase of goods from F Bianchi $1,034 including GST
3 Sept Purchased printer for use in the business on credit from Office Supplies $990 including GST
6 Sept Paid Wages $1,500
7 Sept Cash sales $5,940 including GST
9 Sept Damaged goods returned from A Smith $550
13 Sept Sold Computer on credit to B Jones $1,100 including GST
15 Sept Paid electricity $1,815 to Oz Energy, including GST
20 Sept Received $5,203 from A Smith on account.
22 Sept Credit purchases from P Gibson $4,180 including GST
24 Sept Credit purchases from E Egg $2,640 including GST
24 Sept Sold goods on credit to C Cat $1,540 including GST
28 Sept Cash sales $3,740 including GST
30 Sept Paid Office Supplies $990 for amount owing on their account
30 Sept Returned damaged goods to E Egg $440 including GST
Required:
Problem 1. Record the transactions into the Cash Receipts, Cash Payments, Sales Distribution and Purchases Distribution Journals of Happy Life Ltd for the month of September 2018.