Solved

On 20 June Yin Repaired Yan's Computer and Charged Her

Question 60

Multiple Choice

On 20 June Yin repaired Yan's computer and charged her $660 cash including GST.The general journal entry to record the transaction is:
$ $
DR CR


A) Cash at bank 660 GST collections 60
Income from repairs 600
B) Cash at bank 600 GST collections 60
Income from repairs 660
C) Cash at bank 660 GST outlays 60
Income from repairs 600
D) None of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: The term used in the Framework for

Q12: Select the entry which correctly records the

Q24: Select the entry that correctly records the

Q26: Quinn paid $440, including GST, for advertising.

Q27: GST paid by a business on the

Q44: If a transaction causes an equity account

Q49: A party who has provided goods or

Q54: The true statement concerning the accounting period

Q59: Entries are made in the ledger<br>A)2,4,1,3<br>B)2,1,4,3<br>C)3,2,1,4<br>D)2,4,3,1

Q61: A chart of accounts is a:<br>A) planning