How to record a journal entry in quickbooks?

Answer 1

Debit Tax Expense

Credit Taxes payable/Cash/Bank account

I wanted to clarify this answer, the above is correct, however, it appears that the person is saying to credit all the above accounts.

If taxes are paid and you wish to record the journal entry you will:

Debit Tax Expense

Credit Cash (bank account is included in your cash account)

If taxes are going to be paid at a future date you will:

Debit Tax Expense

Credit Taxes Payable

After you pay the taxes if recorded first as a payable you will then enter:

Debit Taxes Payable

Credit Cash

Answer 2

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Answer 3

[Debit] GST paid / GST Expense
[Credit] Cash / bank

Answer 4

In Company menu drop down there is Journal entry in list, through that you can record journal entries in quick books.

Answer 5

Debit cash / bank
Credit income tax refund

Answer 6

debit tax expense
credit cash