Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A return of merchandise to the supplier was made for $ 100 plus taxes. The GST related to the return would appear as a $5

image text in transcribed

A return of merchandise to the supplier was made for $ 100 plus taxes. The GST related to the return would appear as a $5 credit to GST Payable. O $5 debit to GST Recoverable. $5 debit to GST Payable. $ 5 credit to GST Recoverable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions