Make journal entries to record the following transactions. Explanations are not required. Mar 31 Recorded cash sales

Question:

Make journal entries to record the following transactions. Explanations are not required. Mar 31 Recorded cash sales of $200,000 for the month, plus HST of 13% collected for the Province of Ontario. Apr 6 Sent March HST to CRA.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

See More Books

Question Posted: Jul 08, 2015 02:41 AM

See More Questions

Make general journal entries to record the following transactions of Mehta Products for a two-month period: Jun. 30 Recorded cash sales of $115,000 for the month plus PST of 8 percent collected on...
Make general journal entries to record the following transactions of Mehta Products for a two-month period. Explanations are not required. Jun. 30 Recorded cash sales of $115,000 for the month, plus...
Required Prepare General Journal entries to record the following transactions of Leduc Company: 2014 Dec 11 Accepted a $15,000, 6%, 60-day note dated this day in granting Fred Calhoun a time...
In Exercises find the given higher-order derivative. 2 "(x) = 2 / f(x) X
Suppose that technology completely eliminates the use of cash. People buy news-papers by putting debit cards in the newspaper box. They use the Internet to pay babysitters. With no cash, does the...
In which of the following scenarios will a taxpayer NOT be eligibile to make a voluntary contribution on their Iowa return. Linda is due Iowa refund of $213 and wishes to donate $100 to the Am Heart...
As more warehouses are added to the system, what would we expect to happen to the following: a. Transportation costs. b. Inventory costs. c. Materials handling costs. d. Packaging costs. e. Total...
Park Company purchased 90% of the stock of Salt Company on January 1, 2009, for $465,000, an amount equal to $15,000 in excess of the book value of equity acquired. This excess payment relates to an...
In B/C ratio analysis, benifits are put in the numerator and the first cost in the denominator. Where will the salvage value be put? a) In the denominator b) In the numerator c) Either one
Mr. and Mrs. Morris own a grocery store as a sole proprietorship. Their net profit and other relevant items for the year are as follows. Grocery store net profit ........................................
All Star Amusements is planning to issue long-term bonds payable to borrow for a major expansion. For each of the following questions, identify whether the bond price involves a discount, a premium,...
At December 31, Deming Drapes owes $50,000 on accounts payable, plus salary payable of $14,000 and income tax payable of $8,000. Deming Drapes also has $300,000 of bonds payable that require payment...
Illustrate how market-based transfer prices generally promote goal congruence in perfectly competitive markets?
Part 1 - Financial Statement Analysis Income Statement Kirks Family Restaurant December 31, 2018 Sales 480,000 Interest revenue 15,000 Total Revenue 495,000 Cost of goods sold 200,000 Gross Margin...
Find the most general value of satisfying tan 0 = -3.
(i) Undercasting of the debit side of Bank column. 70 (ii) Cheques issued but not presented for payment till 01-01-2011. 1,450 (1,520) 2,179 Bank Balance as per Pass Book as on 1-1-2011. Different...
Determine the stiffness matrix K for the truss. Take A = 0.0015 m^2 and E = 200 GPa for each member. Please show the step-by-step solution. 5 410 9 3 5 7 7 8 A4 Tesol242 3 2 4 4 5 6 2 4 m 4 m 20 kN...
Probability Mr Pandazis Practice Questions for Test #1 Math 241 1. Define a sample space S for the following experiment. Toss a coin three times and record the outcome for each toss. 2. A card is...
What is the working principle of an electrodynamic transducer?
Rowland Textile Inc. manufactures two products: sweatshirts and T-shirts. The manufacturing process involves two activities: cutting and sewing. Expected overhead costs and cost drivers are as...
The following table presents the average sales price (in $1000s) and the average monthly rental price of homes in selected U.S. cities in a recent month. a. Compute the least-squares regression line...
The January 27, 2010, issue of the Wall Street Journal contains an article by Timothy Aeppel entitled Bullwhip Hits Firms as Growth Snaps Back. Instructions Read the article and answer the following...
The following information is from the 2009 annual report of American Greetings Corporation (all dollars in thousands). The following information comes from the notes to the company's financial...
Crescent Electronics has enjoyed tremendous sales growth during the last 10 years. However, even though sales have steadily increased, the company's CEO, Anne Healy, is concerned about certain...
Suppose First Fidelity Bank engaged in the following transactions: (Click the icon to view the transactions.) Journalize the 2018 and 2019 transactions on First Fidelity's books. Explanations are not...
Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net...
Supply costs at Coulthard Corporation's chain of gyms are listed below: March April May June July August September October November Client-Visits 11,666 11,462 11,994 13,900 11,726 11, 212 12,006...

Make journal entries to record the following transactions. Explanations are not required. Mar 31 Recorded cash sales

Question:

Step by Step Answer:

Journal DATE ACCOUNTS POST REF DR ...View the full answer

Accounting

Students also viewed these Accounting questions