Reference no: EM131638582
Accounts Receivable - Sydney Norman Pty Ltd is an Electronic items Retailer. They sell both on credit and cash. The following are the transactions of June 2014 (all the amounts are GST included):
June 1: Sold goods to CITI Cafe for $ 33,000 on credit. (Invoice # 4101)
June 6: Sold Goods to Jody Foods for $22,000 on credit (Invoice # 4102)
June 8: Sold Goods to XYZ Traders for $24,500 on credit (Invoice # 4103)
June 10: Sold Goods to HIFI foods for $5,500 on credit. (Invoice # 4104)
June 13: Sold goods to JAT foods for $ 14,200 on credit. (Invoice # 4105)
June 15: Send adjustment notes to XYZ Traders for $ 4,400. (Adjustment note # CT11)
June22: Sold Goods to Harry's Restaurant for $1,550 on credit. (Invoice # 4106)
June 27: Sold goods to TNT Foods for $ 4400 for credit. (Invoice # 4107)
June 29: Send adjustment notes to CITI Cafe for $ 3,300 for June 1 sale. (Adjustment note # CT12)
Required:
a) Record the transactions in appropriate journals.
b) Calculate the column totals in Journal.
c) Update Cash receipt journals.
d) Post total amounts in to general Ledgers.
Attachment:- Assignment File.rar