Transactions with HST

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

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