Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Part A: HST Remittance (8 Marks) The following has the Ledger accounts for Bank, HST Payable, and HST Recoverable. Complete the Remittance for December, dated
Part A: HST Remittance (8 Marks) The following has the Ledger accounts for Bank, HST Payable, and HST Recoverable. Complete the Remittance for December, dated Dec. 30, 2018 and complete the journal entry for the remittance. General Journal 2 Marks per Line Date Particulars Debit Credit Ledger Bank Date Particulars Debit Credit Balance Dec. 89/2018 $800 5800 16 300 $500 HST Payable Date Particulars Debit Credit Balance Dec. 9/2018 S450 $450 12 $280 $730 HST Recoverable Date Particulars Debit Credit Balance Dec. 10/2018 SISO SISO 16 S150 $300 Part B: Ethics Question (8 Marks) 12.000 4.000 2.000 18.000 HUNTER ENVIRONMENTAL CONSULTING laste het May 31, 2011 Aseta Label Current Currenos Cash 31.000 Accouns payable Accounts recewable 15.506 Salines pie Orice upplies 1.000 de Preparac 3300 Total Torres Property and can Owner Equity re 545.000 Hunter, capital Les commercio 790 44250 Land 50.000 Tout property. part. nequipment 4250 Total 51:45.050 Total information on the following company: 127,050 0 You are given A) Given the information from Part A, correct the balance sheet to add in all HST numbers. Remake the balance sheet and organize it properly. 14 Marks B) Will this effect the Current Ratio? Debt Ratio? /4 Marks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started