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!
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!