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4,6 I need the answer as quick as possible For the following joumal entry: Debit Stationery $1,000 Debit GST Clearing $100 Credit Account payable (creditors)
4,6 I need the answer as quick as possible
For the following joumal entry: Debit Stationery $1,000 Debit GST Clearing $100 Credit Account payable (creditors) $1,100 Choose the most correct narration: Select one o a. Purchase stationery on credit $1,100 GST inclusive O b. Purchase stationery for cash $1,000 plus GST c. Purchase stationery on credit $1,100 GST exclusive d. Owner contributes $1,100 in stationery Phillip's Tie Shop is supporting the local community by donating goods to the local sports dub fundraiser. On 5 February, the owner, Phillip, provided the following goods. Narration is required. ITEM COST PRICE SELLING PRICE Silk tie $50 $90 Polyester tie $35 $65 3-pack of ties $80 $120 DRAG and DROP to prepare a journal entry for this transaction: Debit Credit Inventories (stock) $275 Advertising $275 Inventories (stock) $165 Advertising $165 Donation $275 Donation $165 Step by Step Solution
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