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Scissors is a hairstyling business owned by A. Chop, which is GST registered. You will be providing journal entries for the business. Below is a

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Scissors is a hairstyling business owned by A. Chop, which is GST registered. You will be providing journal entries for the business. Below is a partial chart of accounts for you to use preparing the entries. Cash Accounts Receivable GST Receivable GST Payable Unearned revenue A. Chop, Capital Revenue Supplies Expense Depreciation expense Supplies Equipment Accumulated Depreciation- Equipment Accounts Payable Repairs expense Required: Prepare the journal entry for the below transaction (2 marks) Purchased equipment for $10,000, plus $700 PST and $500 GST, with a total of $11,200 pai cash. 0 8 Format

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