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Choose the correct journal entry for the transaction: Paid Cash $360 plus 10% GST for a 1-year insurance policy. Debit Insurance Expense 360, Credit Cash
Choose the correct journal entry for the transaction: "Paid Cash $360 plus 10% GST for a 1-year insurance policy". Debit Insurance Expense 360, Credit Cash 360 Debit Insurance Expense 360, Debit GST Receivable 36, Credit Cash 396 Debit Insurance Expense 396, Credit Cash 360, Credit GST Payable 36 Debit Insurance Expense 396, Credit Cash 396 None of the above QUESTION 10 Choose the correct journal entry for the transaction: Invoiced customers $1800 for serviced performed". Debit Accounts Payable 1800, Credit Service Expenses Debit Accounts Payable 1800, Credit Service Revenue Debit Accounts Receivable 1800, Credit Service Expenses Debit Accounts Receivable 1800, Credit Service Revenue None of the above
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