FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Located in Hope, British Columbia, Mountain View Restaurant and Gift Shop had the following balances in their GST and PST accounts at the end of

image text in transcribed
Located in Hope, British Columbia, Mountain View Restaurant and Gift Shop had the following balances in their GST and PST accounts at the end of the quarter: GST ITC's $ 45,000 GST Collectible $ 88,500 PST Payable $ 27,000 Calculate the amount of cash needed to be included with this quarter's GST tax return. NI

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basic Accounting Concepts Principles And Procedures Volume 1

Basic Accounting Concepts Principles And Procedures Volume 1

Authors: Gregory Mostyn, Worthy And James

2nd Edition

0991423100, 978-0991423101

More Books

Students also viewed these Accounting questions

Question

★★★★★
Cantrex wants to determine the least costly flow of materials and goods along this supply chain that will meet the demand at the U.S. distribution centers. Develop a transshipment supply chain model...

Answered: 1 week ago

Question

★★★★★
Under what circumstances is a short-term loan classified among the long-term liabilities on the balance sheet?

Answered: 1 week ago

Question

★★★★★
=+b) Explain what the coefficients of the bran cereal dummy variables mean.

Answered: 1 week ago

Question

★★★★★
Briefly describe some of the similarities and differences between U.S. GAAP and iGAAP with respect to the accounting for pensions.

Answered: 1 week ago

Question

★★★★★
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding Paid capital in Excess of Par, Common Retained Earnings Total Stockholders' Equity...

Answered: 1 week ago

Question

★★★★★
Assuming that products from the preserving kitchen, bakery, farm shop and caf of Blackberry Hill farm have been selected for funding by the Caribbean Export Development Agency for regional market pe

Answered: 1 week ago

Question

★★★★★
1/ The cost of housing is based on supply and demand. Group of answer choices True False Source: https://www.youtube.com/watch?v=R0h8kfA4i_A 2/ According to the video, in New York City,...

Answered: 1 week ago

Question

★★★★★
Trevor has owned a large block of land for 3 years and has just decided to subdivide this large block into three allotments and build a home unit on each subdivided allotment using a builder for...

Answered: 1 week ago

Question

★★★★★
Henry Mintzberg's argument is that strategic management is an artistic endeavor. If he's right, then what value is there in systematic approaches to strategic planning such as those elaborated in...

Answered: 1 week ago

Question

★★★★★
Describe some situations in a math class that metaphorically fit the broken escalator situation (being stuck, not moving forward, something going wrong).

Answered: 1 week ago

Question

★★★★★
1. Please read this 1927 Supreme Court case and analyze it using the IRAC format, which was introduced in our first chapter. 5 Gong Lum v. Rice, 275 U.S. 78 (1927).pdf Download 5 Gong Lum v. Rice,...

Answered: 1 week ago

Question

★★★★★
What makes Zipcar an attractive employer for which to work?

Answered: 1 week ago

Question

★★★★★
Evaluate Figure 6-9; what other questions would you ask, and why?

Answered: 1 week ago

Question

★★★★★
Give some examples of how to use interest inventories to improve employee selection. In doing so, suggest several examples of occupational interests that you believe might predict success in various...

Answered: 1 week ago

Previous Question Next Question