- input output management
- input and output storage
- journal of hospital infection
- billing accounts payable
Hi,
If I am the customer: TI, and I have received an Invoice from IBM for IT Consulting:$6700, and GST $335 for a total of $7035 what is my journal entry??
DR Gst Payable (or recoverable?) 335
DR Consulting expense 6700
CR Accounts Payable 7035
then when the invoice is paid it would be:
DR Accounts Payable 7035
CR Cash 7035
CR GST Payable 335
and then it doesnt balance??? I am not sure how to do this so the correct entries would be greatly appreciated!! Thanks
If I am the customer: TI, and I have received an Invoice from IBM for IT Consulting:$6700, and GST $335 for a total of $7035 what is my journal entry??
DR Gst Payable (or recoverable?) 335
DR Consulting expense 6700
CR Accounts Payable 7035
then when the invoice is paid it would be:
DR Accounts Payable 7035
CR Cash 7035
CR GST Payable 335
and then it doesnt balance??? I am not sure how to do this so the correct entries would be greatly appreciated!! Thanks
Journal Entry Help - Paying invoice with Accounts Payable and GST Payable?!?
没有评论:
发表评论