Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

A service company had the following sales transactions in April. Assume all sales were cash sales. April 4 Sales of $7,200 plus sales taxes 11

A service company had the following sales transactions in April. Assume all sales were cash sales.

April 4 Sales of $7,200 plus sales taxes
11 Sales of $5,600 plus sales taxes
18 Sales of $6,200 plus sales taxes
25 Sales of $8,500 plus sales taxes

Calculate sales taxes (GST or HST and PST) for each transaction as applicable for each of the following provinces.

Alberta Manitoba PEI
April 4 GST or HST Payable $ $ $
PST Payable $ $ $
11 GST or HST Payable $ $ $
PST Payable $ $ $
18 GST or HST Payable $ $ $
PST Payable $ $ $
25 GST or HST Payable $ $ $
PST Payable $ $ $

Prepare the journal entries for each province for the April 18th transaction. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date

Account Titles and Explanation

Debit

Credit

Apr. 18

Alberta:
Manitoba:
PEI:

What is the total amount owing to the Receiver General for April in the province of Manitoba?

Amount owed $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Financial Accounting An International Introduction

Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes

4th Edition

027372164X, 978-0273721642

More Books

Students explore these related Accounting questions

Question

Eliminate street slang.

Answered: 3 weeks ago