how did you record GST Clearing in question 1.1?

[Stormer]

Haha, changed it like 5-10 times. Guess that was always going to be the case.

[LFTM]

i had no gst clearing 

[jake]

i got $3500, yeah the rent wasn't paid till the next month.

Almost positive gst clearing is a current asset valued $3500 because the gst payment for the accrued rent and the february rent will include 400 in the gst. the payment journal should read- 1/2 - accrued rent/rent expense - 2000 in the sundry column - 2000 in the rent expense column and 400 in the gst column. if gst has already been included in the balance sheet prior to the payment of accrued and rent expense. the 200 gst from the accrued rent expense will be counted twice. obviously correct me if im wrong...

[rudaid]

i got $3500, yeah the rent wasn't paid till the next month.

Almost positive gst clearing is a current asset valued $3500 because the gst payment for the accrued rent and the february rent will include 400 in the gst. the payment journal should read- 1/2 - accrued rent/rent expense - 2000 in the sundry column - 2000 in the rent expense column and 400 in the gst column. if gst has already been included in the balance sheet prior to the payment of accrued and rent expense. the 200 gst from the accrued rent expense will be counted twice. obviously correct me if im wrong...

i know who you are. hehe.

[jake]

i got $3500, yeah the rent wasn't paid till the next month.

Almost positive gst clearing is a current asset valued $3500 because the gst payment for the accrued rent and the february rent will include 400 in the gst. the payment journal should read- 1/2 - accrued rent/rent expense - 2000 in the sundry column - 2000 in the rent expense column and 400 in the gst column. if gst has already been included in the balance sheet prior to the payment of accrued and rent expense. the 200 gst from the accrued rent expense will be counted twice. obviously correct me if im wrong...

i know who you are. hehe.

i hope you dont know who i am... ly
you dont know hoo i am i hope... :

[LFTM]

i got $3500, yeah the rent wasn't paid till the next month.

Almost positive gst clearing is a current asset valued $3500 because the gst payment for the accrued rent and the february rent will include 400 in the gst. the payment journal should read- 1/2 - accrued rent/rent expense - 2000 in the sundry column - 2000 in the rent expense column and 400 in the gst column. if gst has already been included in the balance sheet prior to the payment of accrued and rent expense. the 200 gst from the accrued rent expense will be counted twice. obviously correct me if im wrong...

i know who you are. hehe.

i hope you dont know who i am... ly
you dont know hoo i am i hope... :

lol they probably know who you are cos your email is in your profile..

[mojomojo]

i got a GST asset of 3500.

[rudaid]

i got $3500, yeah the rent wasn't paid till the next month.

Almost positive gst clearing is a current asset valued $3500 because the gst payment for the accrued rent and the february rent will include 400 in the gst. the payment journal should read- 1/2 - accrued rent/rent expense - 2000 in the sundry column - 2000 in the rent expense column and 400 in the gst column. if gst has already been included in the balance sheet prior to the payment of accrued and rent expense. the 200 gst from the accrued rent expense will be counted twice. obviously correct me if im wrong...

i know who you are. hehe.

i hope you dont know who i am... ly
you dont know hoo i am i hope... :

you go to my shcool!
ill facebook ya

[jake]

i got $3500, yeah the rent wasn't paid till the next month.

Almost positive gst clearing is a current asset valued $3500 because the gst payment for the accrued rent and the february rent will include 400 in the gst. the payment journal should read- 1/2 - accrued rent/rent expense - 2000 in the sundry column - 2000 in the rent expense column and 400 in the gst column. if gst has already been included in the balance sheet prior to the payment of accrued and rent expense. the 200 gst from the accrued rent expense will be counted twice. obviously correct me if im wrong...

i know who you are. hehe.

i hope you dont know who i am... ly
you dont know hoo i am i hope... :

you go to my shcool!
ill facebook ya

i know who you are too, iv fb you already. haha wat a coincidence.