Q1. Complete the following schedule, GST worksheet and BAS for 1 January to 31 March for Growers Nursery Pty Limited.

a)  On an accrual basis

b)  On a cash basis

Receipts / $ / Collected/
Paid / Taxable / Exports / GST-Free / Input Taxed
Sales of Plants / 346,000 / 316,000
Sales of Garden Supplies / 152,400 / 136,000
Landscaping fees received / 110,000 / 98,000
Rental Income from Commercial Property / 12,000 / 12,000
Interest Income / 3,500 / 3,500
Payments
Purchase of vehicles / 80,000 / 20,000
Purchase of fixtures and fittings / 35,000 / 35,000
Electricity / 11,200 / 11,200
Internet and Telephone / 14,350 / 9,750
Water / 21,800 / 21,800
Salaries & Wages / 168,200 / 168,200
Rent of Nursery Premises / 32,000 / 32,000
Superannuation / 11,500 / 11,500
Depreciation / 10,100 / 10,100
Stationery / 1,110 / 1,110
Bank Charges / 285 / 285
Workers Compensation Insurance / 4,800 / 4,800
GST to be received/to be paid

Q2. Complete the following schedule, GST worksheet and BAS for quarter 1 for Dural Scrapbooking Supplies (Sole Trader).

Receipts / $ / Taxable / Exports / GST-Free / Input Taxed
Sales of Scrapbooking Supplies / 80,020
Sales of Scrapbooking Classes / 25,300
Gross wages received by owner prior to shop opening / 64,350
Sales Kids Scrapbooking Parties / 4,490
Tips received / 250
Dividends received – owner personal / 450
Sales of Scrapbooking Supplies to Fiji / 6,600
Payments
Purchase of Tables & Chairs / 9,100
Purchase of Papers, Inks and supplies / 49,600
Purchase of Computer and Software / 6,800
Light & Power / 9,400
Internet and Telephone / 2,650
Shop fixtures and fittings / 5,944
Salaries & Wages / 24,850
Rent of shop space / 18,000
Superannuation / 1,840
Depreciation / 360
Private school fees – owner’s son / 20,000
bank Fees / 235
Public Liability insurance / 1,000
GST to be received/to be paid

Q3. Complete the following schedule, GST worksheet and BAS for quarter 4 for Avalon Motors

Receipts / $ / Taxable / Exports / GST-Free / Input Taxed
Sales of Motor Vehicles / 589,000
Sales of Spare Parts / 289,000
Service Sales / 194,000
Residential Rent Received – House at Avalon owned by business / 28,000
Commercial Rent Received – Office premises owned by business / 24,000
Dividends Received (shares owned by business) / 450
Interest income / 2,200
Payments
Purchase of Vehicles / 298,000
Purchase of Spare Parts / 175,000
Light & Power / 24,400
Internet and Telephone / 15,650
Showroom fixtures and fittings / 5,500
Salaries & Wages / 124,850
Repairs to residential property / 1,100
Superannuation / 11,220
Depreciation / 10,600
Repairs to commercial property / 2,750
bank Fees / 480
Workers Compensation insurance / 4,994
GST to be received/to be paid

Q4. Complete the following schedule, GST worksheet and BAS for quarter 4 for Peter Printers

c)  On an accrual basis

d)  On a cash basis

Receipts / $ / $
Collected/Paid / Taxable / Exports / GST-Free / Input Taxed
Sales of Printing / 250,000 / 215,000
Printing sold to New Zealand / 6,750 / 6,750
Artwork Fees / 7,000 / 5,500
Interest Received / 1,150 / 1,150
Late payment Fees / 660 / 660
Payments
Purchase of Paper / 76,000 / 65,750
Purchase of Ink and other supplies / 5,000 / 4,300
Light & Power / 9,750 / 3,450
Internet and Telephone / 5,300 / 5,300
Artwork computer / 33,000 / 33,000
Salaries & Wages / 105,300 / 105,300
Superannuation / 10,200 / 10,200
Depreciation / 29,500 / 29,500
Bank Fees / 480 / 480
Merchant Fees / 2,850 / 2,850
Staff Birthday Lunch / 350 / 350
Meeting Refreshments / 550 / 550
Workers Compensation insurance / 8,600 / 8,600
Staff Amenities (Tea, Coffee, etc) / 195 / 195
GST to be received/to be paid