Transactions with HST

Anonymous
timer Asked: Nov 11th, 2016

Question description

Journalize the attached transactions in the template. Explanations for the transactions are not necessary. Please leave a space between each transaction.

Unit 3, Activity 5 Assignment: Journalize the following transactions in the following journal page (below), Explanations and posting references (P.R.) for the transactions are not necessary. Leave a space between each transaction. The HST rate is 13% March: March of the current year: 1 - Sold accounting services to Coffee Industries for $1 000 plus HST on account. 5 - Purchased equipment from BM Electronics on account for $2 000 plus HST. 6 - Purchased supplies for cash for $300 plus HST. 10 - Sold accounting services to Nestle Corp. for $1 500 cash plus HST. 15 - Filed HST return to the government for the month of February. Enclosed a cheque with the remittance. Here are the account balances: HST Payable 1500.00 HST Recoverable 650.00 HST Owing/ (Recoverable) $850.00 17 - Sold $3 000 of accounting services to Nestle Corp. on account plus HST. Date Particulars P.R. Debit Credit Chart of accounts Bank A/R - Coffee Industries A/R - Nestle Corp. Supplies Equipment A/P BM Electronices HST Payable HST Recoverable Capital Drawings Revenues

Tutor Answer

(Top Tutor) Studypool Tutor
School: University of Maryland
Studypool has helped 1,244,100 students
flag Report DMCA
Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors