Question
An Ontario Sport Store selling Taxable Products provides you that the following HST Included Financial information for this month: Retail Store in Toronto. Shirts and
An Ontario Sport Store selling Taxable Products provides you that the following HST Included Financial information for this month:
| Retail Store in Toronto. Shirts and shorts | $1,200 |
| Sale to Bloomingdales in New York, USA, shirts. | $2,000 |
| Bad debt Recovery, this periodOntario retail customer sales last month. shirts. (Customer confirms and pays the bad debt from previous period) | 20% of $20,000 of Revenue including HST sold last month and was recognized as bad debt for HST purposes, 6 months ago. |
| Telephone Expense | $50 |
The Bad Debt Recovery Journal Entry dollar Amount to HST Payable, rounded to the nearest dollar for this month will be?
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Financial Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie Mclaney, Sin Autor
5th Edition
1405888210, 9781405888219
