a) Set up the Cash Receipts Journal using the headings in Figure 7.11. Two tax columns will be required: GST Payable Cr. and PST Payable Cr. (b) Record the transactions. Add 5% GST and 7% PST. (c) Total, balance, and rule the journal. (No posting is required.

(a) (b) 20 Oct. 3 7 10 14 17 22 (c) Set up a Cash Receipts Journal using the headings in Figure 7.11. Record the following transactions. All adjustments to purchases of merchandise are to be charged to Purchase Returns & Allowances. Cash sales, $640 plus 13% HST. Received refund from supplier for damaged merchandise returned, $78.50 plus HST. Returned office supplies to our supplier and received a refund, $45 plus HST. We applied for adjustment to our electricity bill because of an error on the September meter reading, $13.50 plus HST. (Assume the electric utility has chosen to issue a refund cheque to us rather than adjust our account.) Received refund from our supplier as adjustment on damaged merchandise we have chosen to keep, $110 plus HST. Received refund for the return of damaged merchandise, $88 plus HST.