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Author Question: Cynthia's Crystals sold $1,000 worth of crystal plus 5% GST and 8% PST to a charge customer with ... (Read 229 times)

newbem

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on: Nov 11, 2019
Cynthia's Crystals sold $1,000 worth of crystal plus 5% GST and 8% PST to a charge customer with terms 2/10, n/30. The invoice was paid within terms. The entry to record receipt of payment is
◦ Debit cash $1,130, credit Accounts Receivable $1,130.
◦ Debit cash $1,297.60, debit Cash discounts $22.40, credit Accounts Receivable $1,120.
◦ Debit Cash $1,080, debit Cash Discounts $20, credit Accounts Receivable $1,000, credit GST Payable $50, credit PST Payable $80.
◦ Debit Cash $1,110, debit Cash Discounts $20, credit Accounts Receivable $1,130.
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Marked as best answer by newbem on Nov 11, 2019

kalskdjl1212

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Reply #1 on: Nov 11, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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newbem

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Reply 2 on: Nov 11, 2019
Great answer, keep it coming :)

chereeb

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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