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JOURNALS VK Ltd is a retailer of landscape products. The following sales and purchase transactions...

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Accounting

JOURNALS
VK Ltd is a retailer of landscape products. The following sales and purchase transactions are for the current period:
May 1: Purchased goods on account from JB Ltd for $54,000 plus GST.
May 5: Returned products to JB Ltd worth $4,752 including GST.
May 12: Made credit sales to CJ Ltd for $194,700 including GST (costing $81,000).
May 15: CJ Ltd returned goods totalling $5,900 plus GST (costing $2,700).
May 17: Made cash sales to MP Ltd for $94,400 plus GST (costing $43,200).
Required
Prepare general journal entries for VK Ltd (including narrations). Assume a perpetual inventory system is used. Where applicable, round to the nearest whole number.
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