All sales are subject to 6% GST and 8% PST.
Damaged merchandise was returned by K. Jim. Credit invoice 34 was issued today for $114 ($6 GST and $8 PST, $100 merchandise)
This is what I did, and I got 0 marks. =(
Debit: Accounts Receivable - K. Jim 114
Debit: Sales Returns and Allowance 100
Credit: GST Payable 6.00
Credit: PST Payable 8.00
Any idea on what it SHOULD look like?
Thanks
2007-06-24
17:04:53
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2 answers
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asked by
de4th
4
in
Business & Finance
➔ Other - Business & Finance