How to show a general Journal Entry 1 - Received cheque from supplier A in full settlement
Fantastic news! We've Found the answer you've been seeking!
Question:
How to show a general Journal Entry
1 - Received cheque from supplier A in full settlement of balance owing $9894.
Additional Information - Full invoice amount was $10,200 - There was a discount of $306 which needs to be shown in the general journal as well as the GST component.
2 - Received payment of invoice from Tina of 3244.41.
Additional information- Full invoice was $3327.60, discount of $83.19 was allowed and GST in invoice was $302.51
Related Book For
Accounting Volume 1
ISBN: 978-0132690096
9th Canadian edition
Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
Posted Date: