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accounting work

I’m working on a Accounting question and need guidance to help me understand better.

Required:

2.Journalise Sales Invoice OYB 432 assumes that AASB 15 Revenue with Contract with Customers has been adopted on 14 July 2019. All calculations need to be shown as an appendix to support the value shown in the general journal entry.

Notes

  • No GST Recorded
  • Sales is a 100% up mark-up of the cost of sales

Required:

3.Journalise Sales Invoice OYB 432 on Return of the Product assume that AASB 15 Revenue with Contract with Customers has been adopted. All calculations need to be shown as an appendix to support the value shown in the general journal entry.

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