What are the entries to record the following transaction? Paid monthly shop rent to real estate...
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What are the entries to record the following transaction? Paid monthly shop rent to real estate agent of $4,400 cash (GST inclusive) If GST is not applicable enter 'O' in GST fields. Dr account code: Dr amount: $ Cr account code: Cr amount: $ GST account code: GST Dr/Cr: GST amount: $ 100 Cash 110 Accounts Receivable 120 Inventory 130 Office supplies 150 Office equipment 160 Motor vehicle 210 Accounts Payable GST 220 230 250 Collected/Payable GST Paid/Receivable Loan 310 Capital 320 Drawings 410 Sales 430 Rent expense 440 Advertising expense 450 Wages expense 460 Telephone expense 470 Office supplies expense 480 Interest expense 500 Interest income 510 Commission income What are the entries to record the following transaction? Paid monthly shop rent to real estate agent of $4,400 cash (GST inclusive) If GST is not applicable enter 'O' in GST fields. Dr account code: Dr amount: $ Cr account code: Cr amount: $ GST account code: GST Dr/Cr: GST amount: $ 100 Cash 110 Accounts Receivable 120 Inventory 130 Office supplies 150 Office equipment 160 Motor vehicle 210 Accounts Payable GST 220 230 250 Collected/Payable GST Paid/Receivable Loan 310 Capital 320 Drawings 410 Sales 430 Rent expense 440 Advertising expense 450 Wages expense 460 Telephone expense 470 Office supplies expense 480 Interest expense 500 Interest income 510 Commission income
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Based on the transaction provided the entries to re... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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