Question
61. Kleen Windows received $770 (including GST) from its customer John Jones for services previously supplied to him on credit. Which of the following entries
61. Kleen Windows received $770 (including GST) from its customer John Jones for services previously supplied to him on credit. Which of the following entries correctly records this receipt?
a. DR Debtors $770; CR Bank $770 b. DR Bank $770; CR Debtors $770 c. DR Bank $770; CR Services revenue $700; CR GST payable $70 d. DR Debtors $770; CR Services revenue $700; CR GST payable $70
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
