Question #1: Refer to general ledger balance from Jul 30 to record and pay GST owing to the receiver general. Issue cheque #203 for $200 in payment. (Enter as other payment).

Question #2: bank Memo: From bibi bank, $1500 for regular monthly mortgage payment. This amount includes interest of $1200 interest and $300 in principal.

How will i put it in simply? Im a student. Please help

Parents
  • 0

    In the online help, look up 'GST' in the Index, then under that, look at 'Remitting a GST payment'.

    For the second question, you will need to enter it in the General Journal, or as an 'Other Payment' made in Cash.   If this was a real-world situation, bonus for saving it as a 'recurring transaction' with a monthly recurrence.

Reply
  • 0

    In the online help, look up 'GST' in the Index, then under that, look at 'Remitting a GST payment'.

    For the second question, you will need to enter it in the General Journal, or as an 'Other Payment' made in Cash.   If this was a real-world situation, bonus for saving it as a 'recurring transaction' with a monthly recurrence.

Children