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Cook's Department Store files GST returns monthly, and the GST rate is 5%. The figures in the following table represent the store's GST taxable
Cook's Department Store files GST returns monthly, and the GST rate is 5%. The figures in the following table represent the store's GST taxable sales and purchases for which GST is paid for the indicated months of the year. As part of a year-to-date review, determine Cook's Department Store's net GST remittance and if they owe the government money or are entitled to a refund. The GST remittance is a(n) (Round to the nearest cent as needed.) Month Purchases Sales January $603,676 $416,145 February 179,405 222,834 March 500,487 286,565 Apri 637.16 252,631 May 656 146 267.256
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