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point(s) possible ubmit test Suppose Montgomery's Private Tutoring in Victoria, British Columbia, made cash sales of $2,000 in August subject to 5 percent GST and
point(s) possible ubmit test Suppose Montgomery's Private Tutoring in Victoria, British Columbia, made cash sales of $2,000 in August subject to 5 percent GST and 7 percent PST. Record sales and the,related consumption taxes Also record payment of the PST to the provincial government and the GST to the Receiver General on September 10. Assume input tax credits amount to $46 Begin by recording the sales and the related consumption taxes. (Record debits first, then credits. Exclude explanations from journal entries.) Date August Accounts Debit Next, record the payment of the GST to the Receiver General on September 10. Date September 10 Accounts Finally, record the payment of the sales tax to the provincial government. Date Accounts Debit Credit Credit Debit Credit D of 1 Suppose Montgomery's Private Tutoring in Victoria, British Columbia, made cash sales of $2,000 in August subject to 5 perc and the related consumption taxes. Also record payment of the PST to the provincial government and the GST to the Receiv input tax credits amount to $46. Begin by recording the sales and the related consumption taxes. (Record debits first, then credits. Exclude explanations Date August Accounts Debit Next, record the payment of the GST to the Receiver General on September 10. Date September 10 Accounts Finally, record the payment of the sales tax to the provincial government Date Accounts Debit Credit Credit Debit Credit Begin by recording the sales and the related consumption taxes. (Record debits first, then credits. Exclude explanations from journal e Date August Accounts Debit Credit Accounts Receivable Next, record the payn Cash ptember 10. Date Debit Credit GST Payable September 10 GST Recoverable Sales Revenue Sales Tax Payable Finally, record the pa Date ment Accounts Debit Credit Time Remaining: 01:1 Next, record the payment of the GST to the Receiver General on September 10 Date September 10 Accounts Finally record the payment of the sales tax to the provincial government Date September 10 Accounts Debit Credit Debit Credit Next, record the payment of the GST to the Receiver General on September 10 Date September 10 Accounts Debit Credit Accounts Receivable Finally, record the pa Cash ment. Date Debit Credit GST Payable September 10 GST Recoverable Sales Revenue Sales Tax Payable amazon
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