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Bunnings Ltd is a retail store and is registered for GST. During the year, the business sold goods to James Brown on credit at a
Bunnings Ltd is a retail store and is registered for GST. During the year, the business sold goods to James Brown on credit at a price of $2,750.00. What is the correct accounting entry to record this transaction in Bunnings books? Select one: a. Debit Accounts receivable $2,750; credit Sales $2,750. b. Debit accounts receivable $2,750; credit Sales $2,500; credit GST collections $250 c. Debit Accounts receivable $2,500; credit Sales $2,500 d. Debit Accounts
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