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Company 21 purchases $ 5,000 worth of new furniture (plus 5% GST and 7% PST). The amount debited to the Furniture account would be$ 5
Company 21 purchases $ 5,000 worth of new furniture (plus 5% GST and 7% PST). The amount debited to the Furniture account would be$ 5 debit to GST Payable. $ 5 debit to GST Recoverable. $ 5 credit to GST Payable. $ 5 credit to GST Recoverable
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