Retail Inventory GST
Amcal Pharmacy had the following transactions during the month of August
2013. You are to record their general journal entries for these transactions,
assuming they use the perpetual inventory system and GST of 10% is
The Nature of Business
Reading References: V ,Horngren et a1, Accounting 7] Edition
Tutorial Work: Quick Check - 1, 2, 6
' Starters ' - Sl-l, Sl-3
Case Study M.Watt (see end of lecture)
This lecture w
From the work sheet, prepare the following:
1. Closing entries for Gimbels Gifts and Gadgets in a general journal.
2. A post-closing trial balance.
Dec. 31 Sale