CDE6. Fill in the blanks with the correct terms from the list below. credit memorandum debit memorandum Harmonized Sales Tax (HST) Prepaid GST/HST Provincial Sales Tax (PST) quick method GST /HST Charged Goods and Services Tax (GST) 1. ------------------ is a value-added tax introduced in Canada for all provinces in 1991. Presently it is 5/o. 2. ----------------is a document sent by the seller to a customer who has returned merchandise previously purchased on account. 3. ---------------is a simpler way for small businesses to calculate their GST /HST owed based on rates determined by the CRA. 4. ----------------is the tax amount billed to customers and due to be sent to the federal government. 5. ----------------is an asset account used to accumulate the GST/HST paid or payable to suppliers on goods or services purchased. 6. A liability account in the general ledger that accumulates the amount of provincial sales tax owed is called ------- 7. This tax combines the PST and GST in some provinces and is called ----------- 8. ----------------- is a memo issued by a purchaser to a seller, indicating that some purchase returns and allowances have occurred.