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Brault&Martineau, a retailer of furniture and appliances, is established in Quebec. In this province, GST is 5 % and PST is 9 , 9 7
Brault&Martineau, a retailer of furniture and appliances, is established in Quebec. In this province, GST is and PST is On March the retail store Brault&Martineau sold tables and chairs for $ plus tax cash to the restaurant Resto Itd. These goods were purchased for $ few weeks ago.
Instructions: Record the following transactions including sales taxes. When there is more than one debit account or more than one credit account for a journal entry, enter accounts in the same order as they appear on the dropdown list. Round numbers to the nearest cent decimals
Journal entry for Breault&Martineau.
Record the sale
Record the adjustement to Inventory
Journal entry for Resto Ltd
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