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Hi,
This is more of an accounting/bookkeeping question... we just purchased a couple of powerful laptops and there is a line item near the subtotal for the gov't required recycling fee of $2.40. I'm wondering where to put this $2.40 recycling fee? …
Hi All
I'm wondering if someone can assist in the best way to record the purchase of company vehicles for a painting company in BC.
-This is a sole proprietorship, they buy and sell their vehicles every couple of months, these vehicles are always…
Hi Estie,
Since I am not an accountant or bookkeeper, to the best of my knowledge, your entry should be
Debit $20000 Vehicle asset account Debit $2600 HST paid account Credit $1000 Credit card payable account - visa Credit $21600 Credit Bank Loan…