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Replying to:
amandamanastersk
Level 2

Owners Equity question

Hello. I’m starting to enter items for my husbands business. He mostly used his personal cards up until July so I have entered all purchases he paid for under an owners equity account. My question is how do you document the GST paid on those purchase? Right now I have the sub totals debited under purchase account and credited to owners equity account. Do I do the same for the GST in the same journal entry? 

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