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On 31st January 2016, Marcos Catering Services cleared its quarterly obligations to the Australian Taxation...

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Accounting

On 31st January 2016, Marcos Catering Services cleared its quarterly obligations to the Australian Taxation Office for the October quarter by paying the full amount owing. As at that date, the following balances existed: - GST Paid $1,812 GST Collected $735, PAYG Payable $920.

REQUIRED Prepare the properly formatted general journal entries to record the payment of GST and PAYG to the Australian Taxation Office.

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