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An Ontario Music Store selling Education Lessons and Taxable Products provides you that the following HST Included Financial information for this month: Chairs and Piano
An Ontario Music Store selling Education Lessons and Taxable Products provides you that the following HST Included Financial information for this month:
Chairs and Piano Revenue | $10,000 |
Music Lesson Education Revenue | $20,000 |
Bad debt on Music Lessons sold last month. (Hint Music Lessons are HST Exempt Status) | 50% of $1,000 of Revenue including HST sold last month and recognized as bad debt for HST purposes. |
Taxable Office Expenses Purchased for selling Music Lessons | $565 |
The amount of HST/GST collected on the Music Lesson Revenue ?
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