Title: "Complete GST Calculation Worksheet for Online Foodies'

School: Central Academy - Course: HISTORY 266 - Subject: Accounting

Online Foodies operates an online food delivery business. They sell processed and fresh foods to Australian and Overseas customers. Online Foodies report for GST quarterly on a non-cash basis. GST is included where applicable. Their income for the quarter is as follows: Domestic fresh fruit sales$4300 Domestic processed food sales$10500 Exports of processed food products$1600 Interest charged on overdue customeraccounts $900 Total receiptsAnswer for part 1 Correct Required: complete the GST Calculation worksheet for the quarter. G1Total sales (including any GST)$Answer for part 2 Correct G2Export sales$Answer for part 3 Correct G3Other GST-free sales$Answer for part 4 Correct G4Input taxed sales$Answer for part 5 Correct G5G2 + G3 + G4$17300 17300 1600 4300 900
G6Total sales subject to GST (G1 minus G5)$ Feedback Your answer is correct. Question 2 Correct Mark 2.00 out of 2.00 Flag question Question text Coleman Convenience Store has calculated its total sales subject to GST (before adjustments) to be $32900 for the March quarter. Coleman's also received a $250 early payment discount from its groceries supplier for paying their invoice before the due date. GST is included where applicable. Calculate the GST payable on sales for the quarter and complete the Calculation Worksheet. G6Total sales subject to GSTG6$Answer for part 1 Correct G7Adjustments (if applicable)G7$Answer for part 2 Correct G8Total sales subject to GST afteradjustments(G6+G7) G8$ G9GST on sales (G8 divided by eleven)G9$

Expert's Answer

Your future, our responsibilty submit your task on time.

Order Now

Need Urgent Academic Assistance?

Price Starts from $10 Per Page

*
*
*
*

TOP
Order Notification

[variable_1] from [variable_2] has just ordered [variable_3] Assignment [amount] minutes ago.