Record the billing of accounting services of $700 for the preparation of personal income tax returns in

Question:

Record the billing of accounting services of $700 for the preparation of personal income tax returns in the territory of Nunavut. GST is applicable on this service. Nunavut does not charge PST?

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

Step by Step Answer:

Related Book For book-img-for-question

Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

See More Books

Question Posted: Mar 15, 2017 11:28 AM

See More Questions

Ryan, a resident of Connecticut, is an investment banker in New York City and has an apartment in New York City. Cerullo is a resident of New York and owns Cerullo & Company, an accounting firm...
Under Armour, a maker of athletic sportswear had a tax provision of about $134 million in 2014. Following is the 2014 note disclosure for Under Armour's uncertain tax positions. Provision for Income...
The following data are based on information in the 2010 annual reports of H&R Block, Inc. , and Jackson Hewitt Tax Services, Inc. Dollar amounts are in thousands. H&R Block, Inc., has subsidiaries...
NIU Company's budgeted sales and direct materials purchases are as follows: NIU's sales are 40% cash and 60% credit. It collects credit sales 10% in the month of sale, 50% in the month following...
In June 2012, Hatch Company had no investment securities but had excess cash that would not be needed for nine months. Management decided to use this money to purchase trading securities as a...
Explain which firms should be the most interested in hedging. AppendixLO1
P 16-6 Partner income allocationCorrection of error The partnership of Jon, Kel, and Gla was created on January 2, 2016, with each of the partners contributing cash of $30,000. Reported profits,...
E&Y officials believed that the CBI audits were high-risk engagements. Under what general circumstances should an audit firm choose not to accept a high-risk engagement?
[ The following information applies to the questions displayed below. ] Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor -...
What is the output of the following Python code? myList = {} myDictionary = [] %3D myList[0] = "chegg" myDictionary.insert(0, myList[0]) print (myDictionary) a) ['chegg'] b) {0: 'chegg'} c) chegg d)...
Record the sale in BEB-2 and the sales return in BEB-3 assuming the business uses a periodic inventory system? Refer to BEB-2 and BEB-3 Record the sale on account, for $1,600, of merchandise costing...
Record the purchase on account of $4,100 of merchandise for resale in the province of Manitoba, where the PST is 7%. The company uses a perpetual inventory system and the purchase is PST exempt?
Evaluate plans 1, 2, and 3, and write up your conclusions in a memo that Gardner can share with the Nursing council. Evaluate each plan in terms of customer service, cost, operational implementation,...
Q3. (a) Sketch and name the road structure layers including the bituminous coating layers. State the material's CBR value and the degree of compaction (DOC) for each road layer required by road works...
2. Justify the following in terms of impulse and momentum: a. Why are padded dashboards safer in automobiles?
The kidneys are an essential organ to regulating blood pressure in the cardiovascular system. Renal epithelial cells feature cilia on their surface, which allows them to sense blood flow in the...
Novak Corp. supplies its customers with high-quality canvas tents. These canvas tents sell for $170 each, with the following DM and DL usage and price expectations. Direct materials 9 square yards...
Develop a one-week schedule for your Housekeeping employees. Using the Excel spreadsheet that is attached above, you will prepare a schedule for the week The day-by-day occupied rooms forecast has...
Concern about fungibility of funds-of states not using money in the way intended-has led Congress in some instances to impose maintenance-of-effort requirements. Thus, in the 1996 welfare reform, to...
What are the four types of poultry production systems? Explain each type.
Southwest Corporation is authorized to issue an unlimited amount of common shares, and as at December 31, 2013, has 9,000 shares issued. Manji and MacDonald each own 4,500 of these shares. On...
New Wave Pool Corporation is authorized to issue common and $3 convertible preferred shares. Each preferred share is convertible into four common shares. On July 2, the company issued 100,000...
Windswept Power Corporation issued 150,000, $4.50 cumulative preferred shares to fund its first investment in wind generators. In its first year of operations, it paid $450,000 of dividends to its...
Fig 1. Rolling a 4 on a D4 A four sided die (D4), shaped like a pyramid (or tetrahedron), has 4 flat surfaces opposite four corner points. A number (1, 2, 3, or 4) appears close to the edge of each...
I just need help with question #4 please! Thank you! Windsor Manufacturing uses MRP to schedule its production. Below is the Bill of Material (BOM) for Product A. The quantity needed of the part...
(25) Suppose that we have an economy consisting of two farmers, Cornelius and Wheaton, who unsurprisingly farm corn c and wheat w, respectively. Assume that both farmers produce their crop of choice...

Record the billing of accounting services of $700 for the preparation of personal income tax returns in

Question:

Step by Step Answer:

Accounts Recei...View the full answer

Accounting Principles Part 1

Students also viewed these Cost Accounting questions