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O'Brien Paid $880, Including GST, for Advertising

Question 55

Multiple Choice

O'Brien paid $880, including GST, for advertising. The entry to record this transaction is:


A) DR Advertising $880; CR Cash $880
B) DR Advertising $880, DR GST receivable $88; CR Cash $792
C) DR Advertising $880; CR GST receivable $80, CR Cash $800
D) DR Advertising $800, DR GST receivable $80; CR Cash $880

Correct Answer:

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