Saurav Pty Ltd: Comprehensive GST Transactions Report July 2019

The assignment is a detailed GST (Goods and Services Tax) transactions report for Saurav Pty Ltd, covering the period from July 1st, 2019, to July 31st, 2019, on an accruals basis. The report includes sales and income data, itemizing each transaction with its date, reference number, transaction account, description, amount, and tax collected. It categorizes sales as either cash sales or sales to specific customers (C01-C10), and includes sales not reportable. The report also details purchases and expenses, breaking them down by GST-free purchases and purchases with 10% GST, including various expenses like inventory control, printing, lease of equipment, and others. Additionally, it provides a summary of transactions affecting cash flow, such as payments for sales commissions, GST obligations, and wages, along with journal entries detailing accruals and provisions. The report offers a comprehensive view of the company's financial activities during the specified period.

GST Transactions Detailed Report
Saurav Pty Ltd
Tax inclusive - Accruals basis
01/07/2019 to 31/07/2019
Sales and Income
Date Reference Transaction Account Description Amount Tax collected
Sales and Income: G1 - Goods & Services Tax 10%
01/07/2019 IV00000000012 Invoice 4-2400 Sales Cash Sales 3,080.00 280.00
05/07/2019 IV00000000019 Invoice 4-2400 Sales C01 6,600.00 600.00
08/07/2019 IV00000000013 Invoice 4-2400 Sales Cash Sales 2,200.00 200.00
08/07/2019 IV00000000013 Invoice 4-2400 Sales Cash Sales 1,100.00 100.00
08/07/2019 IV00000000020 Invoice 4-2400 Sales C10 1,100.00 100.00
12/07/2019 IV00000000014 Invoice 4-2400 Sales Cash Sales 660.00 60.00
12/07/2019 IV00000000014 Invoice 4-2400 Sales Cash Sales 825.00 75.00
12/07/2019 IV00000000014 Invoice 4-2400 Sales Cash Sales 792.00 72.00
12/07/2019 IV00000000014 Invoice 4-2400 Sales Cash Sales 990.00 90.00
12/07/2019 IV00000000021 Invoice 4-2400 Sales C02 5,500.00 500.00
14/07/2019 IV00000000022 Invoice 4-2400 Sales C09 1,320.00 120.00
14/07/2019 IV00000000022 Invoice 4-2400 Sales C09 770.00 70.00
15/07/2019 IV00000000015 Invoice 4-2400 Sales Cash Sales 572.00 52.00
15/07/2019 IV00000000015 Invoice 4-2400 Sales Cash Sales 495.00 45.00
15/07/2019 IV00000000015 Invoice 4-2400 Sales Cash Sales 3,630.00 330.00
15/07/2019 IV00000000023 Invoice 4-2400 Sales C03 2,860.00 260.00
15/07/2019 IV00000000023 Invoice 4-2400 Sales C03 5,720.00 520.00
16/07/2019 IV00000000024 Invoice 4-2400 Sales C07 880.00 80.00
17/07/2019 IV00000000025 Invoice 4-2400 Sales C08 2,574.00 234.00
18/07/2019 IV00000000016 Invoice 4-2400 Sales Cash Sales 1,540.00 140.00
18/07/2019 IV00000000016 Invoice 4-2400 Sales Cash Sales 220.00 20.00
18/07/2019 IV00000000016 Invoice 4-2400 Sales Cash Sales 385.00 35.00
18/07/2019 IV00000000016 Invoice 4-2400 Sales Cash Sales 1,100.00 100.00
20/07/2019 IV00000000026 Invoice 4-2400 Sales C04 550.00 50.00
20/07/2019 IV00000000026 Invoice 4-2400 Sales C04 2,640.00 240.00
22/07/2019 IV00000000017 Invoice 4-2400 Sales Cash Sales 176.00 16.00
22/07/2019 IV00000000017 Invoice 4-2400 Sales Cash Sales 2,145.00 195.00
22/07/2019 IV00000000017 Invoice 4-2400 Sales Cash Sales 1,155.00 105.00
22/07/2019 IV00000000017 Invoice 4-2400 Sales Cash Sales 429.00 39.00
22/07/2019 IV00000000027 Invoice 4-2400 Sales C06 6,600.00 600.00
22/07/2019 IV00000000027 Invoice 4-2400 Sales C06 1,320.00 120.00
22/07/2019 IV00000000028 Invoice 4-2400 Sales C05 1,100.00 100.00
22/07/2019 IV00000000028 Invoice 4-2400 Sales C05 792.00 72.00
23/07/2019 IV00000000029 Invoice 4-2400 Sales C05 16,830.00 1,530.00
24/07/2019 IV00000000030 Invoice 4-2400 Sales C06 5,500.00 500.00
24/07/2019 IV00000000031 Invoice 4-2400 Sales C04 1,430.00 130.00
24/07/2019 IV00000000031 Invoice 4-2400 Sales C04 1,320.00 120.00
26/07/2019 IV00000000032 Invoice 4-2400 Sales C07 2,310.00 210.00
28/07/2019 IV00000000033 Invoice 4-2400 Sales C08 2,200.00 200.00
28/07/2019 IV00000000033 Invoice 4-2400 Sales C08 572.00 52.00
31/07/2019 IV00000000018 Invoice 4-2400 Sales Cash Sales 495.00 45.00
31/07/2019 IV00000000018 Invoice 4-2400 Sales Cash Sales 1,980.00 180.00
31/07/2019 IV00000000018 Invoice 4-2400 Sales Cash Sales 2,970.00 270.00
97,427.00 8,857.00
Sales and Income: Sales Not Reportable 0%
04/07/2019 JE000002 Gen Jrnl 2-2500 Accrued
expenses
Paid June sales
commission owing to
-10,000.00 0.00
26/01/2020 Page 1

retail assistants
(Cheque 1057)
28/07/2019 JE000003 Gen Jrnl 2-2600 PAYG
withholdings payable
Paid wage Cheque 1068
and withheld tax of
9,000
9,000.00 0.00
31/07/2019 JE000005 Gen Jrnl 2-2550 Provision for
dividend
Paid dividends Cheque
1070
-50,000.00 0.00
31/07/2019 JE000008 Gen Jrnl 2-1800 Accounts
payable
Sales commission
payable for July
5,000.00 0.00
31/07/2019 JE000010 Gen Jrnl 2-1800 Accounts
payable
Interest expense for July 1,875.00 0.00
31/07/2019 JE000011 Gen Jrnl 9-1001 Bad debt Provision for doubtful
debts @5%
-3,630.40 0.00
31/07/2019 JE000012 Gen Jrnl 2-2500 Accrued
expenses
Electric usage accrued
for July
2,100.00 0.00
-45,655.40 0.00
Purchases and Expenses
Date Reference Transaction Account Description Amount Tax paid
Purchases and Expenses: G11 - GST-free Purchases 0%
31/07/2019 JE000007 Gen Jrnl 6-1400 Bank charges Bank fees 110.00 0.00
31/07/2019 JE000010 Gen Jrnl 6-2800 Interest paid Interest expense for July 1,875.00 0.00
1,985.00 0.00
Purchases and Expenses: G11 - Goods & Services Tax 10%
01/07/2019 EX0000000001
1
Bill 1-1850 Inventory
Control
S01-Trading Goods 1,320.00 120.00
02/07/2019 EX0000000001
2
Bill 1-1850 Inventory
Control
S04-Trading Goods 1,900.00 172.73
03/07/2019 EX0000000001
3
Bill 1-1850 Inventory
Control
S03-Trading Goods 2,145.00 195.00
03/07/2019 SN00000001 Supp Rtrn 1-1850 Inventory
Control
S03-Trading Goods -143.00 -13.00
04/07/2019 EX0000000001
4
Bill 6-4200 Printing &
stationery
S06-Stationery 550.00 50.00
06/07/2019 EX0000000001
5
Bill 1-1850 Inventory
Control
S08-Trading Goods 300.00 27.27
07/07/2019 EX0000000001
6
Bill 1-1850 Inventory
Control
S03-Trading Goods 2,800.00 254.55
14/07/2019 EX0000000001
7
Bill 6-4800 Repairs &
maintenance
S11 250.00 22.73
18/07/2019 EX0000000001
8
Bill 6-3200 Lease of
equipment
S12 3,000.00 272.73
21/07/2019 EX0000000001
9
Bill 6-4000 Postage &
courier
S10-Courier Co 620.00 56.36
24/07/2019 EX0000000002
0
Bill 6-5600 Telephone S05-Telephone Co 835.00 75.91
26/07/2019 EX0000000002
1
Bill 6-1200 Advertising S09-Advertising Co 4,500.00 409.09
31/07/2019 EX0000000002
2
Bill 6-3400 Motor vehicle
expenses
S07-Car Garage Co 550.00 50.00
31/07/2019 JE000013 Gen Jrnl 1-1000 Cash at Bank Shop fixtures sold 3,300.00 300.00
21,927.00 1,993.36
Purchases and Expenses: Purchases Not Reportable 0%
02/07/2019 JE000001 Gen Jrnl 6-5800 Travel &
accommodation
Reimbursed employee
travel expense (Cheque
1056)
110.00 0.00
02/07/2019 JE000001 Gen Jrnl 1-1000 Cash at Bank Reimbursed employee
travel expense (Cheque
1056)
-110.00 0.00
04/07/2019 JE000002 Gen Jrnl 1-1000 Cash at Bank Paid June sales
commission owing to
retail assistants
(Cheque 1057)
-10,000.00 0.00
15/07/2019 SM000001 Spend Mny 2-2600 PAYG
withholdings payable
June PAYG paid
(Cheque 1058)
10,000.00 0.00
16/07/2019 SM000002 Spend Mny 2-2200 GST collected Paid GST obligation for
June (Cheque 1059)
5,000.00 0.00
26/01/2020 Page 2

18/07/2019 JE000006 Gen Jrnl 6-3200 Lease of
equipment
Lease payments 990.00 0.00
18/07/2019 JE000006 Gen Jrnl 1-1000 Cash at Bank Lease payments -990.00 0.00
23/07/2019 SM000003 Spend Mny 6-5400
Superannuation
expense
Paid superannuation
Cheque 1063
3,000.00 0.00
28/07/2019 JE000003 Gen Jrnl 6-6200 Wages &
salaries
Paid wage Cheque 1068
and withheld tax of
9,000
37,000.00 0.00
28/07/2019 JE000003 Gen Jrnl 1-1000 Cash at Bank Paid wage Cheque 1068
and withheld tax of
9,000
-28,000.00 0.00
29/07/2019 JE000004 Gen Jrnl 6-5800 Travel &
accommodation
Cheque 1069 petty cash
reimbursed
220.00 0.00
29/07/2019 JE000004 Gen Jrnl 6-3600 Office
supplies
Cheque 1069 petty cash
reimbursed
165.00 0.00
29/07/2019 JE000004 Gen Jrnl 6-4000 Postage &
courier
Cheque 1069 petty cash
reimbursed
187.00 0.00
29/07/2019 JE000004 Gen Jrnl 1-1200 Petty cash Cheque 1069 petty cash
reimbursed
-572.00 0.00
31/07/2019 JE000005 Gen Jrnl 1-1000 Cash at Bank Paid dividends Cheque
1070
-50,000.00 0.00
31/07/2019 JE000007 Gen Jrnl 1-1000 Cash at Bank Bank fees -110.00 0.00
31/07/2019 JE000008 Gen Jrnl 6-4400 Sales
commission
Sales commission
payable for July
5,000.00 0.00
31/07/2019 JE000009 Gen Jrnl 6-2600 Insurance Insurance expense for
July
1,000.00 0.00
31/07/2019 JE000009 Gen Jrnl 1-1851 Prepayments Insurance expense for
July
-1,000.00 0.00
31/07/2019 JE000011 Gen Jrnl 1-1801 Provision for
doubtful debts
Provision for doubtful
debts @5%
-3,630.40 0.00
31/07/2019 JE000012 Gen Jrnl 6-2000 Electricity &
gas
Electric usage accrued
for July
2,100.00 0.00
31/07/2019 JE000013 Gen Jrnl 1-2001 Accum Depn-
Shop Fixt & Equip
Shop fixtures sold 8,200.00 0.00
31/07/2019 JE000013 Gen Jrnl 9-1000 Other
expenses
Shop fixtures sold 500.00 0.00
31/07/2019 JE000013 Gen Jrnl 1-2000 Shop Fixtures
and Equipment
Shop fixtures sold -12,000.00 0.00
31/07/2019 JE000014 Gen Jrnl 5-2800 Purchases Perpetual inventory
system
38,225.00 0.00
31/07/2019 JE000014 Gen Jrnl 1-1850 Inventory
Control
Perpetual inventory
system
-38,225.00 0.00
-32,940.40 0.00
26/01/2020 Page 3