Using the information for the transactions of Triton Company in EB.4, assume instead that Triton operates in the province of Ontario, where HST is 13%. 

Instructions 

Prepare the journal entries to record these transactions on the books of Triton. Assume that the GST balances on May 31 provided in EB.4 are the balances in the HST accounts.

Data from EB.4

Triton Company is a retailer operating in the province of Manitoba, where the PST rate is 7%. Triton uses a periodic inventory system and the earnings approach to revenue recognition. Transactions for the business are shown below: 

Nov. 1 Paid November store rent to the landlord. The lease calls for monthly payments of $5,500 plus 5% GST. 

4 Purchased merchandise for resale on account from Comet Industries. The merchandise cost $8,000 plus applicable tax. 

6 Returned $500 of merchandise to Comet Industries. 

7 Sold merchandise on account to Solar Star Company for $10,000, plus applicable sales taxes, terms, n/30, FOB shipping point. The merchandise was shipped to Solar Star. The cost of the merchandise to Triton was $6,000. 

12 Purchased a new laptop computer at Staples for the marketing manager. The price of the laptop was $1,200 before applicable taxes. 

30 Paid the quarterly remittance of GST to the Receiver General. The balances in the accounts were as follows: GST Payable $2,520 and GST Recoverable $985.