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Carla Vista Company is a retailer operating in the province of Ontario, where HST is 13% C. Carla Vista uses a periodic inventory system and

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Carla Vista Company is a retailer operating in the province of Ontario, where HST is 13% C. Carla Vista uses a periodic inventory system and the earnings approach to revenue recognition. Transactions for the business are shown below: Nov. I Paid November store rent to the fandlord. The lease calls for monthly payments of $5.900. 4 Purchased merchandise for resale on account from Comet Industries. The merchandise cost $8,700 plus applicable tax, 6. Returned $800 of merchandise to Comet Industries. 7. Sold merchandise on account to Solar Star Company for $14,000, plus applicible sales taxes, terms, n/30, FOB shipping point. The merchandise was shipped to Solar Star. The cost of the merchandise to Carla Vista was $6700. 12. Purchased a new laptop computer at Staples for the marketing manager. The price of the laptop was $1.500 before applicabie taxes. 30 Paid the quarterly remittance of HST to the Receiver General. The balances in the accounts were as follow: HST Payable $2,540 and HST Recoverable 5995 Prepare the journal entries to record these transactions on the books of Carla Vista Compary. (Record foumal entries in the order presentod in the problem. Credit occount tities are autematically indented when the amount is entered. Do not indent manuatiy, tbt oli dnblt

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