Date Transaction Details
Jul-16 2 Business established with contribution from A Wonderland of $70,000 cash.
July 5 Paid Trumpster Realty rent of $3,300 for July to September by cheque.
July 19 Purchased stock from Hardly Hardwood Mill for $50,000 (price does not incl GST) on credit.
July 21 Bought 4 kitchen cabinet packs from Brunwings Hardware for $835 each (price does not incl GST) on credit.
Aug 2 Bought office furniture from B&C Mart, on credit, for $3057 incl GST.
Aug 15 Paid Hardly Hardwood Mill in full, less 1% discount for paying account on time.
Aug 18 Bought supplies for the office for $200 (net price)
Aug 31 Paid B&C Mart account in full for August purchases; and paid Brunwings Hardware account
Sept 4 Sold stock on credit for $13,200. (Cost price $8,100)
Sept 23 Bought supplies for the office for $320 (net price)
Sept 29 Sold stock for $11,000 cash. (The stock cost $6,600)
Oct 2 Paid SunSure Invoice #S-001188 in the amount of $3600. (SunSure is aninsurance company. Invoice amount covers insurance for 12months - 1 Oct16-30 Sept17)
Oct 5 Paid Trumpster Realty rent for October to December by cheque.
Oct 8 Sold stock for $4,257 cash. (The stock cost $3,096)
Oct 12 Purchased inventory from Pipes 'R' Us for $8,844 incl GST, on credit.
Oct 29 Debtor made full payment in cash of $13,200.
Nov 7 Sold stock on credit for $11,605. (The stock cost $8,540)
Dec 1 Paid Advertising Invoice for $1650 with cash.
Dec 20 Received part-payment from debtor - 80% of total due on sale of 7 Nov.
Jan-17 5 Paid Trumpster Realty rent for January to March by cheque.
Feb 22 Sold stock on credit for $18,810. (The stock cost $11,680)
Mar 3 Sold stock for cash. Received $2970 for stock that cost $2040
Mar 16 Received payment from debtor of Feb 22 (5% discount applies).
Mar 31 Sold stock for cash. Received $14,190 for stock that cost $8,900.
Apr 5 Paid Trumpster Realty rent for April to June by cheque.
May 10 Paid wages of $456 to sales & office assistant C Cheshire (no PAYG as below threshold).
May 24 Paid wages of $456 to sales & office assistant C Cheshire (no PAYG as below threshold).
June 7 Paid fortnightly wages of: $840 to bookkeeper M Hatter (net of PAYG $32); and $1248 to sales assistant C Cheshire (PAYG amount $124).
June 21 Paid fortnightly wages of: $840 to bookkeeper M Hatter (net of PAYG $32); and $1248 to sales assistant C Cheshire (PAYG amount $124).
June 26 A. Wonderland drew $2000 from the business