Question
a Company is located in Labrador and is a retailer of homecare medical supplies. it uses the perpetual inventory system . Retail Sales Tax is
a Company is located in Labrador and is a retailer of homecare medical supplies. it uses the perpetual inventory system . Retail Sales Tax is 15 % HST . Complete the journal entries on the following dates , including 15 % HST as applicable . 2022 Oct 1st . the company purchases $ 80,000 of merchandise from Healthy Lifestyles for cash
Oct. 12 the company sells $ 142,000 of homecare products to Restful Home on account . The merchandise had cost $ 100,000 .
Nov 30 the company remits the appropriate amount of HST to the Receiver General for the month of October
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