i need help with this anyone 594556

The PerfectBrew Background and Facts Antonio de Pandi is the owner of The Perfect Brew, a specialty coffee machine business he started several years ago. The business is GST-registered. Antonio sells 3 ranges of coffee machines at any time which he purchases from manufacturers. He operates the business himself and employs one person full-time to assist him. Antonio also provides consulting services to coffee shops designing floor plans for coffee shops and restaurants. The Perfect Brew uses a perpetual inventory system and uses FIFO (First In First Out). The business is operated from a commercial building which the business purchased two years ago. Antonio has a variety of clients with whom he has built up a strong relationship. He offers them terms of 30 days. Antonio submits his Business Activity Statements (BAS) for GST quarterly to the Australia Taxation Office on an accruals basis. Currently, the business uses a manual accounting system but plans to test a MYOB accounting system in August. Accounting Information The Perfect Brew uses the following specialised? Specialised journals will be covered in Lecture 7 and general journals to record business transactions. Sales Journal – to record all invoices issued for sales of inventory Sales Returns Journal – to record all credit notes issued for returned inventory Purchases Journal – to record all credit purchases of inventory Cash Receipts Journal – to record all cash received Cash Payments Journal – to record all cash payments General Journal – to record all other transactions The Perfect Brew uses a general ledger in the form of a 4 column running balance (as described on page 79 Exhibit 2-13 of Custom Text 3rd ed). An Accounts Receivable and Accounts Payable subsidiary? Specialised ledgers will be covered in Lecture 7 ledger is also used in this format. Financial Statements are prepared at the end of each month. The accounts are closed off at the end of each month. All necessary…