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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 Chairs sold last month. (Hint Chairs are HST Taxable Status) 50% of $10,000 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 that would appear on Line 107 for the information given above
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