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Arintheastar
May 21, 2007, 01:15 PM
Hello,

I am new to this site. I am hoping someone can help me with this question.
I am doing an online Simply Accounting Course, I am having difficulties with this transaction.

Here is the info. Purchase Invoice. To Cars for all, $20,000.00 plus 7%gst & 7%pst for new automobile less $5000.00 as a trade-in allowance on old car. Invoice total $17,100.The entry to write off the old car will be made at year-end.

I hope someone can help me with this.

:p