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Journalize the following transactions in the following journal page ( below ) , Explanations and posting references ( P . R . ) for the
Journalize the following transactions in the following journal page below
Explanations and posting references PR for the transactions are not necessary.
Leave a space between each transaction.
The HST rate is
March:
March of the current year: Sold accounting services to Coffee Industries for $ plus HST on account. Purchased equipment from BM Electronics on account for $ plus HST Purchased supplies for cash for $ plus HST Sold accounting services to Nestle Corp. for $ cash plus HST
Filed HST return to the government for the month of February. Enclosed a cheque with the remittance.
Here are the account balances: HST Payable HST Recoverable HST OwingRecoverable $ Sold $ of accounting services to Nestle Corp. on account plus HST Sold $ of accounting services for cash plus HST
Chart of accounts
Bank
AR Coffee Industries
AR Nestle Corp.
Supplies
Equipment
AP BM Electronices
HST Payable
HST Recoverable
Capital
Drawings
Revenues
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