Payment amount $500. Represented by GST Collected 2,500; PAYG Withheld 600; GST paid 3,600

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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15. Complete the General Journal entry to record the following BAS refund, from the ATO
Payment amount $500. Represented by GST Collected 2,500; PAYG Withheld 600; GST paid
3,600
General Journal
GST PAID
PAYG WITHHELD
GST COLLECTED
DR
CR
Transcribed Image Text:15. Complete the General Journal entry to record the following BAS refund, from the ATO Payment amount $500. Represented by GST Collected 2,500; PAYG Withheld 600; GST paid 3,600 General Journal GST PAID PAYG WITHHELD GST COLLECTED DR CR
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