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canon01
Apr 25, 2012, 10:24 PM
Need help with these transaction using special journals with general journal. Purchased a new computer on credit from advnaced Computers for $5,610 (including GST $510). The computer has a life of four years and will have a residual value of $0.


Invoiced Fone Communications for the development and placement of print advertising for their monthly specials to appear in several newspapers. Invoice Number 123NV for $10,670 (including GST $970)


Cash payments Journal, Cash receipts Journal, General Journal or Fees Revenue Journal? Transaction would be very appreciated thank you!