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    4ontherun's Avatar
    4ontherun Posts: 1, Reputation: 1
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    #1

    Jul 28, 2011, 06:22 PM
    MYOB entries ( correction of error, balance day adjustments
    I am very new to bookkeeping and have a qustion about entering transactions in MYOB.

    I have paid EG O'Brian $1650.00 by cheque on 16/July and posted it as advertising in the cash payment. I have now noticed that $550.00 including GST of that payment should have been posted to Printing and Stationery... How do I prepare the correcting journal enrty on 31/July??

    Also I am unsure of how to enter the balance day adjustments for for July allowance for doubtful debts.. It needs to be adjusted to 5% of accounts receivable closing balance as at the end of July... can anyone tell me how to do this in MYOB

    Thanks in advance
    matthewlam2's Avatar
    matthewlam2 Posts: 1, Reputation: 1
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    #2

    Sep 1, 2011, 10:17 PM
    Same assignment did u end up figuring out how to do it?
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