[canon01]

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!