This document contains a 25 question multiple choice test on credit journals for a VCE Accounting unit. The test covers topics like identifying source documents for different journals, journal entries, and analyzing journal transactions to determine the correct account postings. It provides the journal information and asks the test taker to select the right journal entries or account totals based on the data given.

1. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 1
Chapter 6 Test – Credit Journals
Name ___________________________________________
Circle the correct response for each question:
1. (a) (b) (c) (d)
2. (a) (b) (c) (d)
3. (a) (b) (c) (d)
4. (a) (b) (c) (d)
5. (a) (b) (c) (d)
6. (a) (b) (c) (d)
7. (a) (b) (c) (d)
8. (a) (b) (c) (d)
9. (a) (b) (c) (d)
10. (a) (b) (c) (d)
11. (a) (b) (c) (d)
12. (a) (b) (c) (d)
13. (a) (b) (c) (d)
14. (a) (b) (c) (d)
15. (a) (b) (c) (d)
16. (a) (b) (c) (d)
17. (a) (b) (c) (d)
18. (a) (b) (c) (d)
19. (a) (b) (c) (d)
20. (a) (b) (c) (d)
21. (a) (b) (c) (d)
22. (a) (b) (c) (d)
23. (a) (b) (c) (d)
24. (a) (b) (c) (d)
25. (a) (b) (c) (d)
Total /25 marks

2. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 2
Chapter 6 Test – Credit Journals
1. The source document used to verify transactions entered in the Sales Journal is:
a) Receipt
b) Cheque butt
c) Sales invoice
d) Purchase invoice
2. The source document used to verify transactions entered in the Purchases Journal is:
a) Receipt
b) Cheque butt
c) Sales invoice
d) Purchase invoice
3. The sale of goods for cash would be recorded in the:
a) Cash Receipts Journal
b) Cash Payments Journal
c) Sales Journal
d) Purchases Journal
4. The sale of goods on credit would be recorded in the:
a) Cash Receipts Journal
b) Cash Payments Journal
c) Sales Journal
d) Purchases Journal
5. The Purchases Journal is used to record which type of transactions?
a) All purchases made on a credit basis
b) All sales made on a credit basis
c) All purchases of stock made on a credit basis
d) All payments of cash to creditors
6. Which of the following items would not be recorded in the Sales Journal?
a) Sale amount
b) Discount expense given to the debtor for prompt payment
c) GST charged
d) Total amount owing by the debtor
7. Which of the following items would not be entered in the Purchases Journal of a business?
a) Cost price of the stock purchased
b) Cheque number
c) Invoice number
d) GST charged

3. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 3
8. Entries in the Debtors Control ledger are sourced from:
Debit side Credit side
a) Cash Receipts Journal Sales Journal
b) Sales Journal Purchases Journal
c) Sales Journal Cash Payments Journal
d) Sales Journal Cash Receipts Journal
9. Entries in the Creditors Control ledger are sourced from:
Debit side Credit side
a) Purchases Journal Cash Payments Journal
b) Cash Payments Journal Sales Journal
c) Cash Payments Journal Cash Receipts Journal
d) Cash Payments Journal Purchases Journal
10. Entries in the GST ledger are sourced from:
a)
GST [L]
Debit side Credit side
Cash Payments Journal Cash Receipts Journal
b)
GST [L]
Debit side Credit side
Cash Payments Journal Cash Receipts Journal
Purchases Journal Sales Journal
c)
GST [L]
Debit side Credit side
Cash Receipts Journal Cash Payments Journal
Sales Journal Purchases Journal
d)
GST [L]
Debit side Credit side
Cash Payments Journal Cash Receipts Journal
Sales Journal Purchases Journal

4. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 4
11. In which of the following journals would you expect to find source document numbers that do
not run sequentially (in numerical order)?
a) Cash Receipts Journal
b) Cash Payments Journal
c) Sales Journal
d) Purchases Journal
12. A firm had the following Cash Receipts Journal:
Cash Receipts Journal
Date Details Receipt
No.
Bank Discount
Expense
Debtors
Control
Cost of
Sales
Sales Sundries GST
Jun 30 Totals 2615 65 650 1300 0 130
What is the total of the Debtors column?
a) $470
b) $1,250
c) $1,120
d) $1,185
13. A firm had the following Cash Receipts Journal:
Cash Receipts Journal
Date Details Receipt
No.
Bank Discount
Expense
Debtors
Control
Cost of
Sales
Sales Sundries GST
Aug 31 Totals 1895 40 900 300 45 90
What is the total of the Sales column?
a) $820
b) $900
c) $810
d) $990
14. A firm had the following Cash Payments Journal:
Cash Payments Journal
Date Details Chq.
No.
Bank Discount
Revenue
Creditors
Control
Stock
Control
Drawings Sundries GST
May 31 Totals 35 1375 900 350 250 380
What is the total of the Bank column?
a) $3,290
b) $3,255
c) $3,185
d) $3,220

5. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 5
15. A firm had the following Cash Receipts Journal during April:
Cash Receipts Journal
Date Details Receipt
No.
Bank Discount
Expense
Debtors
Control
Cost of
Sales
Sales Sundries GST
Apr 30 Totals 6560 90 1500 2000 4500 200 450
Given the firm had debtors of $10,000 at the start of the period, which of the following posting
entries reflects this journal above?
a)
Debtors control [A]
1/4 Balance 10000 30/4 Cash/Discount expense 1410
Discount expense [E]
30/4 Debtors control 90
b)
Debtors control [A]
1/4 Balance 10000 30/4 Cash/Discount expense 1500
Discount expense [E]
30/4 Debtors 90
c)
Debtors control [A]
1/4 Balance 10000 30/4 Cash/Discount expense 1500
Discount expense [E]
30/4 Debtors control 90
d)
Debtors control [A]
1/4 Balance 10000 30/4 Cash 1500
Discount expense [E]
30/4 Debtors control 90

6. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 6
16. A firm had the following Cash Payments Journal during October:
Cash Payments Journal
Date Details Chq.
No.
Bank Discount
Revenue
Creditors
Control
Stock
Control
Drawings Sundries GST
Oct 31 Totals 6540 110 2400 2900 400 600 350
Given the firm had creditors of $6,000 at the start of the period, which of the following posting
entries reflects this journal above?
a)
Creditors control [L]
31/10 Cash/Discount revenue 2290 1/10 Balance 6000
Discount revenue [R]
31/10 Creditors control 110
b)
Creditors control [L]
31/10 Cash 2400 1/10 Balance 6000
Discount revenue [R]
31/10 Creditors control 110
c)
Creditors control [L]
31/10 Cash/Discount revenue 2400 1/10 Balance 6000
Discount revenue [R]
31/10 Creditors 110
d)
Creditors control [L]
31/10 Cash/Discount revenue 2400 1/10 Balance 6000
Discount revenue [R]
31/10 Creditors control 110

7. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 7
17. A firm had the following journals for June:
Cash Receipts Journal
Date Details Receipt
No.
Bank Discount
Expense
Debtors
Control
Cost of
Sales
Sales Sundries GST
Jun 30 Totals 7615 105 1700 2600 5200 300 520
At the start of the period the firm had cash of $1,000 and total debtors of $13,000. Which is the
correct posting entry based on the information in this journal?
a)
Cash at bank [A]
1/6 Balance 1000
30/6 Cash receipts 7615
Debtors control [A]
1/6 Balance 13000 30/6 Cash/Discount expense 1700
b)
Cash at bank [A]
1/6 Balance 1000
30/6 Cash 7615
Debtors control [A]
1/6 Balance 13000 30/6 Cash/Discount expense 1700
c)
Cash at bank [A]
1/6 Balance 1000
30/6 Cash receipts 7615
Debtors control [A]
1/6 Balance 13000 30/6 Cash/Discount expense 1805
d)
Cash at bank [A]
1/6 Balance 1000
30/6 Cash 7615
Debtors control [A]
1/6 Balance 13000 30/6 Cash/Discount expense 1595

8. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 8
18. A firm had the following Cash Payments Journal for June:
Cash Payments Journal
Date Details Chq.
No.
Bank Discount
Revenue
Creditors
Control
Stock
Control
Drawings Sundries GST
Jun 30 Totals 5962 85 3010 1600 400 1000 37
At the start of the period the firm had cash of $8,000 and total creditors of $5,000. Which is the
correct posting entry based on the information in this journal?
a)
Cash at bank [A]
1/6 Balance 8000 30/6 Cash payments 5962
Creditors control [L]
30/6 Cash/Discount revenue 3095 1/6 Balance 5000
b)
Cash at bank [A]
1/6 Balance 8000 30/6 Cash payments 5962
Creditors control [L]
30/6 Cash/Discount expense 3010 1/6 Balance 5000
c)
Cash at bank [A]
1/6 Balance 8000 30/6 Cash payments 5962
Creditors control [L]
30/6 Cash/Discount revenue 3010 1/6 Balance 5000
d)
Cash at bank [A]
1/6 Balance 8000 30/6 Cash 5962
Creditors control [L]
30/6 Cash/Discount expense 3010 1/6 Balance 5000

9. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 9
19. A firm had the following Sales Journal during September:
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Sep 30 Totals 1700 3300 330 3630
At the start of the period the firm had debtors of $2,750 and stock of $20,500. Which is the
correct posting entry based on the information in this journal?
a)
Stock [A]
1/9 Balance 20500 30/9 Cost of sales 1700
Debtors control [A]
1/9 Balance 2750
30/9 Sales/GST 3630
b)
Stock [A]
1/9 Balance 20500
30/9 Cost of sales 1700
Debtors control [A]
1/9 Balance 2750
30/9 Sales/GST 3630
c)
Stock [A]
1/9 Balance 20500 30/9 Cost of sales 1700
Debtors control [A]
1/9 Balance 2750
30/9 Debtors control 3630
d)
Stock [A]
1/9 Balance 20500 30/9 Debtors control 1700
Debtors control [A]
1/9 Balance 2750
30/9 Sales/GST 3630

10. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 10
20. A firm had the following Sales Journal during February:
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 28 Totals 1700 3300 330 3630
At the start of the period the firm had a GST liability of $1,200. Which is the correct posting
entry based on the information in this journal?
a)
Sales [R]
28/2 Debtors control 3300
GST [L]
28/2 Debtors control 330 1/2 Balance 1200
b)
Sales [R]
28/2 Debtors control 3300
GST [L]
1/2 Balance 1200
28/2 Debtors control 330
c)
Sales [R]
28/2 Cash 3300
GST [L]
1/2 Balance 1200
28/2 Debtors control 330
d)
Sales [R]
28/2 Debtors 3300
GST [L]
1/2 Balance 1200
28/2 Debtors control 330

11. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 11
21. A firm had the following Purchases Journal during November:
Purchases Journal
Date Debtor Invoice
Number
Stock
Control
GST Creditors
Control
Nov 30 Totals 2300 230 2530
At the start of the period the firm had creditors of $1,100 and stock of $8,700. Which is the
correct posting entry based on the information in this journal?
a)
Creditors control [L]
1/11 Balance 1100
30/11 Stock/GST 2530
Stock [A]
1/11 Balance 8700
30/11 Creditors control 2300
b)
Creditors control [L]
1/11 Balance 1100
30/11 Stock/GST 2530
Stock [A]
1/11 Balance 8700
30/11 Creditors 2300
c)
Creditors control [L]
30/11 Stock/GST 2530 1/11 Balance 1100
Stock [A]
1/11 Balance 8700 30/11 Creditors control 2300
d)
Creditors control [L]
1/11 Balance 1100
30/11 Stock 2530
Stock [A]
1/11 Balance 8700
30/11 Creditors control 2300

12. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 12
22. At the beginning of December, a firm had the following debtors – K. George $700; P. James
$1,100. During December the firm had the following transactions involving these debtors:
Credit sales:
 4 Dec: K. George $1,000 + $100 GST (Invoice 107)
 9 Dec: P. James $1,700 + $170 GST (Invoice 110)
 11 Dec: K. George $2,600 + $260 GST (Invoice 112)
 13 Dec: P. James $1,300 + $130 GST (Invoice 117)
 26 Dec: P. James $900 + $90 GST (Invoice 126)
 27 Dec: K. George $1,900 + $190 GST (Invoice 128)
Cash receipts:
 2 Dec: K. George $650 + $50 discount (Receipt 81)
 6 Dec: P. James $1,100 (Receipt 85)
 12 Dec: K. George $1,020 + $80 discount (Receipt 89)
 15 Dec: P. James $1,800 + $70 discount (Receipt 91)
 28 Dec: P. James $900 (Receipt 95)
 30 Dec: K. George $1,700 (Receipt 97)
Once all transactions have been entered, the Subsidiary Ledger for P. James will look like:
a)
Debtor – P. James [A]
1/12 Balance 1100 31/12 Cash/Discount expense 3870
31/12 Sales/GST 4290
b)
Debtor – P. James [A]
1/12 Balance 1100 6/12 Cash/Discount expense 1100
9/12 Sales/GST 1870 15/12 Cash/Discount expense 1870
13/12 Sales/GST 1430 28/12 Cash/Discount expense 900
26/12 Sales/GST 990
c)
Debtor – P. James [A]
1/12 Balance 1100 31/12 Cash 1100
9/12 Sales/GST 1870 31/12 Cash/Discount expense 1870
13/12 Sales/GST 1430 31/12 Cash 900
26/12 Sales/GST 990
d)
Debtor – P. James [A]
1/12 Balance 1100 6/12 Cash 1100
9/12 Sales/GST 1870 15/12 Cash/Discount expense 1870
13/12 Sales/GST 1430 28/12 Cash 900
26/12 Sales/GST 990

13. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 13
23. At the beginning of August, a firm had the following debtors – Steve s $400; To ’s Tools
$1,100. During August the firm had the following Cash Receipts Journal and Sales Journal:
Cash Receipts Journal
Date Details Receipt
No.
Bank Discount
Expense
Debtors
Control
Cost of
Sales
Sales Sundries GST
Aug 3 Cash sales 900 990 380 900 90
Aug 11 To ’s Tools 901 380 40 420
Aug 12 Cash sales 902 550 210 500 50
Aug 18 To ’s Tools 903 210 210
Aug 23 Cash sales 904 275 120 250 25
Aug 30 Stevens 905 370 30 400
Aug 31 Totals 2775 70 1030 710 1650 0 165
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Aug 4 Stevens 8123 200 500 50 550
Aug 10 Stevens 8124 300 700 70 770
Aug 15 To ’s Tools 8125 150 310 31 341
Aug 24 Stevens 8126 100 220 22 242
Aug 31 Totals 750 1730 173 1903
Once all transactions have been entered, the Subsidiary Ledgers for these debtors will look like:
a)
Debtor – Stevens [A]
1/8 Balance 400 30/8 Cash/Discount expense 400
4/8 Sales/GST 550
10/8 Sales/GST 770
24/8 Sales/GST 242
Debtor – Tony’s Tools [A]
1/8 Balance 1100 11/8 Cash/Discount expense 420
15/8 Sales/GST 341 18/8 Cash 210
b)
Debtor – Stevens [A]
1/8 Balance 400 30/8 Cash/Discount expense 400
4/8 Sales 550
10/8 Sales 770
24/8 Sales 242
Debtor – Tony’s Tools [A]
1/8 Balance 1100 11/8 Cash/Discount expense 420
15/8 Sales/GST 341 18/8 Cash 210

14. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 14
c)
Debtor – Stevens [A]
1/8 Balance 400 30/8 Cash 400
4/8 Sales/GST 550
10/8 Sales/GST 770
24/8 Sales/GST 242
Debtor – Tony’s Tools [A]
1/8 Balance 1100 11/8 Cash 420
15/8 Sales/GST 341 18/8 Cash 210
d)
Debtor – Stevens [A]
1/8 Balance 400 30/8 Cash/Discount expense 370
4/8 Sales/GST 550
10/8 Sales/GST 770
24/8 Sales/GST 242
Debtor – Tony’s Tools [A]
1/8 Balance 1100 11/8 Cash/Discount expense 380
15/8 Sales/GST 341 18/8 Cash 210

15. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 15
24. At the beginning of May, a firm had the following creditors – G. Timms $1,200; J. Lee $900.
During May the firm had the following transactions involving these creditors:
Credit purchases:
 2 May: G. Timms $2,300 + $230 GST (Invoice 904)
 7 May: G. Timms $900 + $90 GST (Invoice 945)
 8 May: J. Lee $1,500 + $150 GST (Invoice 16)
 19 May: G. Timms $1,800 + $180 (Invoice 981)
 24 May: J. Lee $600 + $60 GST (Invoice 35)
 28 May: J. Lee $1,900 + $190 (Invoice 41)
Cash payments:
 1 May: J. Lee $800 + $10 discount (Cheque 34)
 6 May: G. Timms $1,200 (Cheque 39)
 11 May: G. Timms $2,400 + $130 discount (Cheque 47)
 19 May: J. Lee $1,650 (Cheque 56)
 29 May: J. Lee $580 + $80 discount (Cheque 68)
 31 May: G. Timms $700 (Cheque 72)
Once all transactions have been entered, the Subsidiary Ledger for G. Timms will look like:
a)
Creditor – G. Timms [L]
6/5 Cash 1200 1/5 Balance 1200
11/5 Cash/Discount expense 2530 2/5 Stock/GST 2530
31/5 Cash 700 7/5 Stock/GST 990
19/5 Stock/GST 1980
b)
Creditor – G. Timms [L]
31/5 Cash/Discount revenue 4430 1/5 Balance 1200
31/5 Stock/GST 5500
c)
Creditor – G. Timms [L]
6/5 Cash 1200 1/5 Balance 1200
11/5 Cash/Discount revenue 2530 2/5 Stock/GST 2530
31/5 Cash 700 7/5 Stock/GST 990
19/5 Stock/GST 1980
d)
Creditor – G. Timms [L]
6/5 Cash/Discount revenue 1200 1/5 Balance 1200
11/5 Cash/Discount revenue 2530 2/5 Stock/GST 2530
31/5 Cash/Discount revenue 700 7/5 Stock/GST 990
19/5 Stock/GST 1980

16. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 16
25. At the beginning of January, a firm had the following creditors – Moody $1,300; Grass Roots
Growers $1,700. During January the firm had the following Cash Payments Journal and
Purchases Journal:
Cash Payments Journal
Date Details Chq.
No.
Bank Discount
Revenue
Creditors
Control
Stock
Control
Drawings Sundries GST
Jan 1 Advertising 865 330 300 30
Jan 5 Moody 866 500 15 515
Jan 6 Wages 867 300 300
Jan 7 Drawings 868 150 150
Jan 13 Grass Roots 869 990 10 1000
Jan 17 Drawings 870 150 150
Jan 23 Wages 871 300 300
Jan 28 Moody 872 480 480
Jan 31 Totals 3200 25 1995 0 300 900 30
Purchases Journal
Date Debtor Invoice
Number
Stock
Control
GST Creditors
Control
Jan 1 Grass Roots G121 440 44 484
Jan 11 Moody 398 200 20 220
Jan 19 Moody 424 1000 100 1100
Jan 26 Grass Roots G149 860 86 946
Jan 31 Totals 2500 250 2750
Once all transactions have been entered, the Subsidiary Ledgers for these debtors will look like:
a)
Creditor – Moody [L]
5/1 Cash/Discount revenue 515 1/1 Balance 1300
28/1 Cash 480 11/1 Stock/GST 220
19/1 Stock/GST 1100
Creditor – Grass Roots Growers [L]
13/1 Cash/Discount revenue 1000 1/1 Balance 1700
1/1 Stock/GST 484
26/1 Stock/GST 946

17. VCE ACCOUNTING
UNIT 3 – RECORDING AND REPORTING FOR A TRADING BUSINESS
CHAPTER 6 – CREDIT JOURNALS
© Michael Allison, Trinity Grammar School.
Autho ’s pe issio e ui ed fo e te al use
Page | 17
b)
Creditor – Moody [L]
5/1 Cash/Discount revenue 515 1/1 Balance 1300
28/1 Cash 480 11/1 Stock 220
19/1 Stock 1100
Creditor – Grass Roots Growers [L]
13/1 Cash/Discount revenue 1000 1/1 Balance 1700
1/1 Stock 484
26/1 Stock 946
c)
Creditor – Moody [L]
5/1 Cash/Discount revenue 515 1/1 Balance 1300
28/1 Cash/Discount revenue 480 11/1 Stock/GST 220
19/1 Stock/GST 1100
Creditor – Grass Roots Growers [L]
13/1 Cash/Discount revenue 1000 1/1 Balance 1700
1/1 Stock/GST 484
26/1 Stock/GST 946
d)
Creditor – Moody [L]
5/1 Cash/Discount revenue 515 1/1 Balance 1300
28/1 Cash 480 11/1 Stock/GST 200
19/1 Stock/GST 1000
Creditor – Grass Roots Growers [L]
13/1 Cash/Discount revenue 1000 1/1 Balance 1700
1/1 Stock/GST 440
26/1 Stock/GST 860