Can anyone complete this for a GST return?
BadStiletto
Registered Posts: 1
Scenario
Penny Wong began a photocopying service in July. She is registered for GST and completes GST returns bi-monthly on a payments basis.
The following transactions took place last July. The figures stated are inclusive of GST if there is any GST.
Investment by owner
$4,500
Received and paid an invoice for one month’s rent
$450
Received an invoice for a copier purchased on credit terms
$2,610
Did a copying job and received
$1,080
Invoiced a customer for
$540
Paid a bill for paper supplies
$90
Paid wages to a part-time employee
$280
Purchased paper supplies on credit
$180
Received part payment of an invoice
$300
Received an invoice for electricity and paid
$90
Made a partial payment on the paper supplies
$70
Withdrew cash from the company bank account
$800
• Total Sales:
• GST on Sales:
• Total Purchases:
• GST on Purchases:
Penny Wong began a photocopying service in July. She is registered for GST and completes GST returns bi-monthly on a payments basis.
The following transactions took place last July. The figures stated are inclusive of GST if there is any GST.
Investment by owner
$4,500
Received and paid an invoice for one month’s rent
$450
Received an invoice for a copier purchased on credit terms
$2,610
Did a copying job and received
$1,080
Invoiced a customer for
$540
Paid a bill for paper supplies
$90
Paid wages to a part-time employee
$280
Purchased paper supplies on credit
$180
Received part payment of an invoice
$300
Received an invoice for electricity and paid
$90
Made a partial payment on the paper supplies
$70
Withdrew cash from the company bank account
$800
• Total Sales:
• GST on Sales:
• Total Purchases:
• GST on Purchases:
0
Comments
-
Wrong part of the world I'm afraid.0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 328 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 57 AAT Level 3 Diploma in Accounting
- 95 AAT Level 4 Diploma in Professional Accounting
- 8.9K For accounting professionals
- 23 coronavirus (Covid-19)
- 273 VAT
- 92 Software
- 275 Tax
- 138 Bookkeeping
- 7.2K General accounting discussion
- 203 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 584 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership