business has $28,941.11 in the bank account at the end of September 2020 which Is sufficient to pay for the BAS amount of $687

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Task 3
b)	Cash flow assessment from financial statements The business has $28,941.11 in the bank account at the end of September 2020 which Is sufficient to pay for the BAS amount of $687

 

 

Journal
Date	Accounts	DR	CR
31/12/2020	Bank		687
	GST Collected	2324
	GST Paid		5550
	PAYG Withholding Payable	2923
	PAYG Income Tax Instalment	860
	ABN Withholdings Payable	235
	Voluntary Withholdings Payable	20
	Fuel Tax Credits Claimable		125

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