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

Name: 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
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

The correct entry is to debit Cash at bank for the total amount received ($660), credit GST collections for the GST portion ($60), and credit Income from repairs for the net amount ($600).

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