PRACTICE EXERCISE 2

Prepare a GST/HST return from the following information: the company name is Nelson Office Products and the Business Number is 345678900. The return covers the reporting period of April 1 to June 30, 20. 1.Total sales for the fiscal period are $24,720.44 (before taxes); GST collected from customers during this period is $1,483.23. 2.Total GST/HST paid on purchases is $1,421.66. 3.A customers balance was written off last quarter as uncollectible because the customer had not been heard from for a long time. When the GST/HST return was filed for that quarter, a GST/HST adjustment was made for tax not collected. The customer, however, has now made a partial payment of $500 on the account. To calculate the portion of this payment considered to be GST collected, multiply this payment by 5/105 (assuming this business is in Alberta). Indicate the due date of this return. Sign your own name and title (Accounts Manager) and date this return July 29, 20.

PRACTICE EXERCISE 3

The R.A.M. Software Company files a GST/HST return on an annual basis. The companys Business Number is 987000001. Complete the return for one year ending December 31, 20, based on the following information: 1.A total of $66,975.32 HST was collected on taxable sales of $478,395.12. 2.$35,204.03 HST was paid on assets and expenses acquired during the year. 3.$30,000 HST has already been paid in instalments. No rebates are being claimed. Enter the due date of this return as April 30. Sign your own name and title (Office Manager) and date this return April 21.