At December 31, 2020, Nixon Corp.'s records show the following balances, all of which are normal: PST Payable, $ 800; GST Payable, $ 500; GST Receivable, $345. In January 2021, Nixon pays the Federal Government the net amount owing regarding GST owing from December. The journal entry to record this payment will include a credit to GST Payable of $ 500. credit to Cash of $ 115. credit to Cash of $ 500. debit to GST Payable of $ 155. Goods and Services Tax (GST) is a value added tax. must be collected by all businesses in Canada. is a sales tax charged by each province on all taxable goods. in some provinces, is an income tax. Goods and Services Tax (GST) is a value added tax. must be collected by all businesses in Canada. is a sales tax charged by each province on all taxable goods. in some provinces, is an income tax