Question
on September 31, Mac's machinery sold inventory on account with a sales price of 65000. The purchaser would use the equipment in their business. Journalize
on September 31, Mac's machinery sold inventory on account with a sales price of 65000. The purchaser would use the equipment in their business. Journalize the Mac's machinery transaction on September 31 including GST assuming the business is located in Ontario(GST=5%, PST=6%). ignore the COGS/inventory adjustment entry.
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
6th Edition
0324655231, 978-0324655230
