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Chee Yong Chaw began his business on 1 July 2016. The business balances its books at month-end and uses special journals and the periodic inventory system. Transactions for July 2016 were as follows:

July 1		Chee Yong Chaw invested $33,120 cash and $19,320 office equipment into the business.
July 2		Purchased inventory from L Cao on account for $8,280 plus GST; terms 2/15, n/30. Paid July rental of $3,310 plus GST; by interbank transfer to Prime Properties Ltd.
July 3		Purchased inventory from Difabio Ltd on account for $6,720 plus GST; terms n/30.
July 6		Sold inventory to J Ellis on account for $1,840 plus GST; terms 2/15, n/30.
July 7		Received July rental of $830 plus GST for space sublet to Perth Services.
July 8		Purchased stationery supplies for $1,840 plus GST; cheque no. 124.
July 10		Purchased inventory for cash $1,820 plus GST.
July 13		Sold inventory to Giola Ltd on account for $4,140 plus GST; terms 2/10, n/30.
July 14		Purchased inventory from O Hee on account for $5,520 plus GST; terms 2/10, n/30.
July 15		Paid L Cao for 2 July purchase with an interbank transfer.
July 19		Received $1,984 from J Ellis in payment of her account. Sold inventory to O Kaddish on account for $4,230 plus GST; terms 2/10, n/30.
July 21		Received $4,463 from Giola Ltd in payment of its account. Sold inventory to Modra Ltd on account for $3,310 plus GST; terms 2/10, n/30.
July 22		Paid O Hee for 14 July purchase; cheque no. 125.
July 23		Purchased inventory from L Cao on account for $5,060 plus GST; terms 2/15, n/30.
July 26		Sold inventory for cash, $2,670 plus GST.
July 28		Returned defective inventory that cost $1,100 to L Cao.
July 29		Sold merchandise to I Nizic on account for $7,540 plus GST; terms 2/10, n/30.
July 30		Purchased merchandise from A Romeo on account for $1,660 plus GST; terms 1/10, n/30. Paid month's salary of office assistant, $2,940 by interbank transfer.

Cash receipts journal Debits Credits Post Date Account ref. Cash at bank Disc. all'd GST collect Sales GST collect A/cs. rec'able Other a/cs. Date 2016 July 1 Capital 33,120 33,120 July 7 770 770 Rent rev ] Ellis July 19 v 1 ,984 July 21 Giola Ltd July 26 Sales Cash payments journal Account Ch. Post no. ref. Other Acc/s payable Purchases GST rec'able Cash at bank Disc, rec'd GST receivable Date 2016 July 2 BPay July 8 4 124 July 10 July 15 BPay 125 V July 22 July 30 Tf General journal Date 2016 Particulars Debit Credit July 1 (Equipment contributed by owner) July 28 (Return of defective goods) Purchases journal Post ref. Purchases GST Receivable Accounts Payable Date Account Terms 2016 July 2 July 3 A 2/15, n/30 A n/30 A 2/10, n/30 2/15, n/30 V V V v July 14 July 23 July 30 4 1/10, n/30 V Sales journal Post ref. Sales Account Terms GST payable Accounts receivable Date 2016 July 6 A 2/15, n/30 July 13 2/10, n/30 V July 19 A 2/10, n/30 v July 21 A 2/10, n/30 v July 29 2/10, n/30 V Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER B. The parts of this question must be completed in order. This part will be available when you complete the part above. Cash receipts journal Debits Credits Post Date Account ref. Cash at bank Disc. all'd GST collect Sales GST collect A/cs. rec'able Other a/cs. Date 2016 July 1 Capital 33,120 33,120 July 7 770 770 Rent rev ] Ellis July 19 v 1 ,984 July 21 Giola Ltd July 26 Sales Cash payments journal Account Ch. Post no. ref. Other Acc/s payable Purchases GST rec'able Cash at bank Disc, rec'd GST receivable Date 2016 July 2 BPay July 8 4 124 July 10 July 15 BPay 125 V July 22 July 30 Tf General journal Date 2016 Particulars Debit Credit July 1 (Equipment contributed by owner) July 28 (Return of defective goods) Purchases journal Post ref. Purchases GST Receivable Accounts Payable Date Account Terms 2016 July 2 July 3 A 2/15, n/30 A n/30 A 2/10, n/30 2/15, n/30 V V V v July 14 July 23 July 30 4 1/10, n/30 V Sales journal Post ref. Sales Account Terms GST payable Accounts receivable Date 2016 July 6 A 2/15, n/30 July 13 2/10, n/30 V July 19 A 2/10, n/30 v July 21 A 2/10, n/30 v July 29 2/10, n/30 V Click if you would like to Show Work for this question: Open Show Work Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER B. The parts of this question must be completed in order. This part will be available when you complete the part above

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