Waverider Part 2: Comprehensive Journal and Ledger Account Recording

This document presents a completed solution for the Waverider Part 2 assignment, which involves recording financial transactions in journals and posting them to the general ledger. The assignment includes analyzing sales, purchases, cash payments, cash receipts, and general journal entries. It requires accurate recording of debits and credits, including GST and discounts, and posting these to relevant ledger accounts such as Bank Account, Accounts Receivable, Accounts Payable, and various income and expense accounts. The solution demonstrates the correct application of accounting principles to record and summarize financial data, ensuring the accuracy of financial statements and the ability to track the financial performance of the business. The solution is designed to help students understand and master the practical application of accounting concepts.