Backyard Shed Solutions sells its largest shed for $1,800 plus HST of 13%. On May 10, 2024,
Question:
Backyard Shed Solutions sells its largest shed for $1,800 plus HST of 13%. On May 10, 2024, it sold 40 of these sheds. On May 17, 2024, the company sold 95 of these sheds. All sales are cash sales. For each day’s sales,
(a) Calculate the HST and
(b) Prepare a journal entry to record the sales.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a May 10 2024 Calculation of sales tax collected HST ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Accounting Principles Volume 2
ISBN: 9781119786634
9th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Question Posted:
Students also viewed these Business questions
-
Backyard Shed Solutions sells its largest shed for $1,500 plus HST of 13%. On May 10, 2014, it sold 10 of these sheds. In order to increase sales the following weekend, the company offered to sell...
-
Backyard Shed Solutions sells its largest shed for $1,800 plus HST of 13%. On May 10, 2017, it sold 40 of these sheds. On May 17, 2017, the company sold 95 of these sheds. All sales are cash sales....
-
Backyard Shed Solutions sells its largest shed for $1,800 plus HST of 13%. On May 10, 2021, it sold 40 of these sheds. On May 17, 2021, the company sold 95 of these sheds. All sales are cash sales....
-
Q1. During November, these transactions took place in Singer Inc., a company that uses job order costing: a) Materials purchased on account $35,600. b) Materials issued to fill requisitions on job...
-
How often should an organizations vision/mission be changed in light of strategy evaluation activities?
-
Dominiques Frozen Food Company makes frozen dinners and sells them to retail outlets near London. Dominique has just inherited 10,000 and has decided to invest it in the business. She is trying to...
-
P23-4 Charge and discharge statement for an estate Use the information in P 23-3 to prepare a chargedischarge statement for the estate of George Wilson for the period March 1, 2015 through April 30,...
-
The following information relates to Jake Peavy Co. for the year 2012. InstructionsAfter analyzing the data, prepare an income statement and an owner?s equity statement for the year ending December...
-
17 5.55 points Franklin Construction entered into a fixed price contract to build a freeway-connecting ramp for $38 million. Construction costs incurred in the first year were $28 million and...
-
On January 1, 2024, Zaur Companys general ledger had these liability accounts: Accounts payable ....................................................... $63,700 Unearned revenueloyalty program...
-
Natalie has had much success with her smoothies business over the past number of months. Some customers have shown an interest in purchasing gift certificates from Natalie. Natalie is considering a...
-
Sketch the forces acting upon a rider on a Ferris wheel when the rider is at the top of the cycle, labeling each force clearly. Which force is largest at this point, and what is the direction of the...
-
Arizona Corp. had the following account balances at 12/1/19: Receivables: $96,000; Inventory: $240,000; Land: $720,000; Building: $600,000; Liabilities: $480,000; Common stock: $120,000; Additional...
-
Construct a 90% confidence interval for the population standard deviation o at Bank A. Bank A 4.2 5.4 5.9 6.1 6.6 7.7 7.7 8.6 9.3 10.0
-
Margin of Error For the poll described in Exercise 1, describe what is meant by the statement that "the margin of error was given as +3.5 percentage points."
-
1) Explain what the critical issue was in the Uber decisions in the First Circuit (Culliane case), and the Second Circuit (Myer case), and how each court, looking at the same facts, came to opposite...
-
IFRS LEASE 1. Kappa Berhad enters into a 10-year lease on 1 January 2020. Kappa Berhad incurred the following costs in respect of the lease: RM2,500 legal fees RM15,000 deposit made at the...
-
In early 2018, Connor Inc. announced its intention to construct a manufacturing facility in the Shenandoah Valley. To persuade Connor to locate the facility in Augusta County, the county government...
-
What can you do to reduce hunger where you live? To reduce hunger globally?
-
Ilana Mathers, CPA, was hired by Interactive Computer Installations to prepare its financial statements for March 2017. Using all the ledger balances in the owner's records, Ilana put together the...
-
Fu Company is owned and operated by Jeremy Fu. The following errors were found in the company's journal: 1. The purchase of $700 of supplies on account was recorded as a debit to Supplies Expense and...
-
Below is an alphabetical list of the adjusted accounts of Matrix Consulting Services at its year end, March 31, 2017. All accounts have normal balances. Additional Information: 1. Of the notes...
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
Study smarter with the SolutionInn App