(a) Describe the detail of the transaction being performed in the following screen.(b) Give the journal entry that MYOB made as a result of the transaction in part (a) (Note: account numbers are not required, just use account names.) JournalDisplay in GST BAS] reports as: O Sale (Supply)Tax indasivePurdhase (Acquisiton)O'er End AdjustrentGeneral Jounal No.: GJ000003Dete: 3,07/2018Nemo: DepreciationAcct No.NameDebitCreditJobMemoTax6-1710Depn-Warehouse Equp$192.00N-T1-3120Warehouse Equip - Accum Depn$192.00N-T6-1720Depn Truck$2,500.00N-T1-3220Trudk - Accum Depn$2,500.00N-T6-1730Depn - Fum and Fix$267.00N-T1-3320FSF-accum depn$267.00N-T6-1740Depn - Warehouse$333.00N-T1-3420Warehouse-accum depn$333.00N-TTotal Debit:$3,292.00Total Credit:$3,292.00Тах$0.00Out of Balance:$0.00da Save as Recuring|| Use ReauringRecordCancel

Given: To explain the transaction performed on the screen and the journal entry is shown as,

Answered: a) (Note: account numbers are not…

Business

Accounting

a) (Note: account numbers are not required, just use account names.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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