Hanalei has come to you for advice on how to record the following journal entry in MYOB:
Fantastic news! We've Found the answer you've been seeking!
Question:
Hanalei has come to you for advice on how to record the following journal entry in MYOB: The partners received a cheque for $110, including GST, from Perth City Council which they banked into the cheque account. The cheque was a refund of overpaid rent. List the steps she should take in MYOB to record the receipt of money.
Expert Answer:
Answer rating: 100% (QA)
Receipts for transactions entered in the following windows can be printed Money is received at the b... View the full answer
Posted Date:
Students also viewed these general management questions
-
Jing has come to you for advice on a potential job transfer to Mumbai, India. She is currently working for a large corporation located in Halifax. It is October and her manager has asked Jing to move...
-
Your boss has come to you for advice on the current finances of the company and needs you to create an extended DuPont analysis, common size analysis, and percentage change analysis. Your boss wants...
-
Adam, an Ontario taxpayer, has come to you for advice on the payment of income tax instalments. He has provided you with the following information on his actual or estimated combined federal and...
-
What is the charge of the iron ion released upon dissolvingFe(NH 4 ) 2 (SO 4 ) 2 ?Remember the charges of the polyatomic ions NH 4 andSO 4 and that the entire compound will be chargeneutral. a). 8+...
-
During the audit of the December 31, 20X5, financial statements, the auditor identifies cash amounts received subsequent to December 31, 20X5, and traces these amounts to the cash account in the...
-
Determining and interpreting fixed cost variances Smitter Manufacturing Company established a predetermined fixed overhead cost rate of $200 per unit of product. The company planned to make 19,000...
-
Wear Art produces precut fabrics for three products: dresses, jackets, and blouses. Joint cost is allocated on the basis of relative sales value at split-off. The company can choose to process each...
-
Create an E-R diagram for FAME based on the enterprise data model you developed in 1-52. Clearly state any assumptions you made in developing the diagram.
-
1. What is Resilience? 2. Explain the relationship between resilience and stability. 3. Why adding a control layer to impose safety in a system, adds the problem of protecting the control layer as...
-
1. determine the taxable income if the taxpayer is a resident citizen 2. Determine the taxable income if the taxpayer is a resident alien. 3. Determine the taxable income if the taxpayer is a...
-
An investment in a truck is expected to have initial cost N in the year 2020, annual net benefits that start at 20,000$/yr in 2019 and grow at 2%/yr compounded until 2130 and a resale value of N2...
-
Yuji Itadori deposited money in Gojo Bank. For the year 2024, the deposit account earned P100,000 interest which was subjected to 20% Final Withholding Tax by Gojo Bank. As such, Itadori received...
-
If shaylea deposited 3 9 1 . 6 7 , monthly into an IRA going from 8 % annually to monthly compounding how much would she have at 2 0 , 3 0 and 4 0 years?
-
A fish with a 6 cm long tail and a fish with a 30 cm long tailare bred. All of the F1s have tails that are 18 cm. The F1s wereinterbred and out of 256 F2 offspring, 1 had a 6 cm tail and 1 hada 30 cm...
-
How do you cultivate a culture of continuous learning and knowledge sharing within a team to drive long-term success?
-
Calculate productivity for the private warehouse comparing existing productivity and productivity if robots were leased. Round your answers to two decimal places. 19 20 21 22 # of dedicated pickers...
-
random sample of the closing stock prices in dollars for a company in a recent year is listed below. Assume that is $2.33. Construct the90% and 99%confidence intervals for the population mean....
-
Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost...
-
(a) By using the definition of convexity only, and not Theorem 1, show that the set of points \(\left(x_{1}, x_{2}, x_{3} ight)\) such that: is convex. (b) Show that the intersection of a finite...
-
A function \(f: \mathbb{R}^{n} ightarrow \mathbb{R}\) is called convex if for any \(\mathbf{x}, \mathbf{y} \in \mathbb{R}^{n}\) and \(t \in[0,1]\) Show that a non-constant convex function defined on...
-
If \(f\) is the objective of any feasible, bounded linear program with a given system of constraints, show that the optimal value of \(f\) is taken on at the same point as the optimal value of \(c...
Study smarter with the SolutionInn App