Hi!

I would greatly appreciate if someone tells me how to do the following journal entrie..

1. Paid quarterly bill for the office space ($5500 for December to February inclusive). 34% of this space is used by office staff and the reminder is sales staff.

2.Sold inventory that had cost Seifort $3300 to a US sporting goods store. Montana Motion, for $4400 payable in Canadian funds by the end of the month. Foreign exchange rate attime of sale was $1.08. GST is not charged on a sale to a foreign company.


Thankss