Journal entry for wages in Spend Money

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Robson1980
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Journal entry for wages in Spend Money

Hi Guys,

I have just started studying accounting and in one of my assessments I have one task

In MYOB that I just cant get right. It is asking to enter a cheque payment wage for someone with a Net amount of 250 and payg withholding of 70. This is to be entered into Spend money but no matter how I enter it, the $320 split amounts are in the debit and the $320 is in the credits in the journal transactions. It should be the other way around. With the 320 as a debit and th e split 250 and 70 as credits. Any help would be really appreciated 

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Robson1980
2 Posts
User
Australia

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Entering wage payment into Spend Money with PAYG withholding amount

Hi Guys,

I have just started studying accounting and in one of my assessments I have one task

In MYOB that I just cant get right. It is asking to enter a cheque payment wage for someone with a Net amount of 250 and payg withholding of 70. This is to be entered into Spend money but no matter how I enter it, the $320 split amounts are in the debit and the $320 is in the credits in the journal transactions. It should be the other way around. With the 320 as a debit and th e split 250 and 70 as credits. Any help would be really appreciated 

MYOB Moderator Neil_M
11,789 Posts
MYOB Moderator
MYOB Moderator

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Re: Journal entry for wages in Spend Money

HI @Robson1980

 

Welcome to the MYOB Community Forum, I hope you find it a great resource

 

If you were having difficulty with an assessment, I recommend speaking to your tutor as they will be the best one to assist you with this particular assessment.

Regards,
Neil

MYOB Community Support

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