Question
For Maxwell Ltd the correct general journal entry for a sale of $6,600, including GST, paid for by the customer with a bank issued credit
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For Maxwell Ltd the correct general journal entry for a sale of $6,600, including GST, paid for by the customer with a bank issued credit card, is:
a. DR Bank $6,600; CR Sales $6,600
b. DR Accounts receivable $6,600; CR Sales $6,000; CR GST collected $600
c. DR Bank $6,600; CR Sales $6,000; CR GST collected $600
d. DR Bank $6,000; DR GST collected $600; CR Sales $6,600
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Personal Trainer 3 0 Online For Albright/Ingram/Hills Managerial Accounting Information For Decisions
Authors: Thomas L. Albright, Robert W. Ingram, John S. Hill
4th Edition
0324233388, 978-0324233384
