Reference no: EM133027309
Question - Swanston Enterprises report GST quarterly on a cash basis. They had the following account balances (on a cash basis) for the September quarter. All amounts include GST where applicable.
ACCOUNT DETAILS Amount ($)
Commercial rent received 10650
Residential rent received (input taxed) 11000
Sales of goods 62600
Interest received (input taxed) 550
Sales of services 17000
Export sales 26850
Wages and salaries 57200
Stationery 6600
Depreciation 3260
Accounting fees 4400
Electricity 750
Business insurance premiums 440
Interest on loan * 98
Promotional expenses 1320
Bank fees * 66
Motor vehicle operating costs 1190
Telephone bill 880
Council and water rates * 770
Repairs to residential rental property 630
IPA subscriptions 121
Superannuation contributions 2420
Stock purchases 13000
Commercial rent expenses 735
Purchase of new printer 2920
PAYG tax withheld 22550
Commissioners Rate 2.50%
REQUIRED - Using a cash basis, complete a GST Calculation worksheet and BAS for Swanston Enterprises for the quarter.
Please help with what will be Purchases without GST in the price G14 $ for this question and final How much is your payment or refund amount to ATO?