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Perpetual system and GST
All credit sales are made on the folllowing terms: 2/10, n/30
June 1 hayes invested $160 000 cash and $42000 of store equipment into the business. The store equipment is to be depreciated evenly over 7 years. June 2 purchased an inventory of souvenir footy shirts from B . JUDD on credit for 48000 plus GST, terms, 2/15, n/30 June 4 purchased additional inventory of footy shirts from Hall Enterprises on credit for $33000 plus GST, terms, n/30 Anyone know how to record using perpetual system?? PLEASEEEE! |
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This is my first time here. I have issues with perpetual systems!
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