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what the transaction for: From Cars for All (use Quick Add...

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Accounting

what the transaction for:
From Cars for All (use Quick Add for new supplier), $20 000 plus 5% GST and 7% PST for new automobile less $5 000 plus GST and PST as a trade-in allowance on old car. Invoice total $16 800. The entry to write off the old car will be made by the accountant at year-end

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