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Required 11a enter the above transactions into the

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Required:11a.Enter the above transactions into the Credit Sales Journal. Cross-balance using the column totals.Credit Sales Journal of ABC Boxes (August)SJ15DebitsCreditsDateInvoice # /AdjustmentNote #ParticularsAccountReceivableSalesAssetGSTCollected1/81679R. SMALL935850854/81680J. LARGE121011001109/81681B. BROWN1430130013011/81682R. SMALL2202002016/8CN123B. BROWN132-120-1223/81683T. LITTLE1541401426/8CN124J. LARGE-44-40-4Total377323801050343FNS40217 Module 1.1 Assignment_April2020Page31of55
11b.Refer to the invoices above.ABC Boxes received a payment from B Brown andissued the following payment receipt.The funds were banked, and the following journal entry was recorded in the CashReceipts Journal.Dr Bank$1,340.00Cr Debtors$1,340.00Required:Check the invoice for B Brown and the cash receipt given to B Brown.(Hint: Have the amounts in the Cash Receipts Journal been recorded correctly?)Record the adjustmentneeded in the Cash Receipts Journal to correct the error?
FNS40217 Module 1.1 Assignment_April2020Page32of55
12.McGuire Corpmade the following Credit Purchases and Returns during April.All amounts include GST, and McGuire Corp uses a periodic inventory system.DateTax Invoice/TaxAdjustmentDetailsAmount(inc. GST)April 02A1356Received invoice from B Brown for inventory purchases$1,10006B 9686Bought goods on credit from Ruby Rose770138923Purchased office equip. on credit from Equipwerx1,32018A1421Bought trade goods from B Brown67121C00134Received tax adjustment note from B Brown forovercharge on invoice A13563326B9888Received a tax invoice for stock from Ruby Rose1,10030060509Purchased goods from Pretty in Pink550Required:Enter the transactions into the Credit Purchases Journal.
FNS40217 Module 1.1 Assignment_April2020Page33of55
The following questions are based on the material in Chapter 11:13.From the following information forA. Liuprepare for May 31:(a)Cash Balance Summary for May and Bank Ledger Account for May(b)Bank reconciliation statement.Tip: Follow the steps in the bank reconciliation process at chapter 11.5. Tip:in particular steps 2a) and 2b) which refer to the previous periods Bank Reconciliation Statement.The reconciliation on April 30 showed that the Bank Ledger Account had a credit balance (overdraft) of$3,182.90.The Bank Statement had reconciled to the Bank Ledger Account after allowing for:• An outstanding deposit $733.10, and• Unpresented cheque #324856 for $934.02

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