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Company ABC purchased $200 of supplies on account from Staples in Victoria. The final invoice was for $224. The Journal entry was processed as follows:

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Company ABC purchased $200 of supplies on account from Staples in Victoria. The final invoice was for $224. The Journal entry was processed as follows: Dr. Supplies 200 Dr. GST paid on purchases 24 Cr. Account Payable - Staples 224 The above entry is incorrect. The above entry is correct

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