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Q. Prepare the following journal entries. Special attention to GST Paid commercial rent for 5000 plus GST Earned 6000 in consulting fees, client will pay

Q. Prepare the following journal entries. Special attention to GST

  1. Paid commercial rent for 5000 plus GST
  2. Earned 6000 in consulting fees, client will pay later
  3. Bought some supplies for 2,000 on credit
  4. Paid utility bill for 570
  5. Did work and received 7000 cash

How much GST will you have to pay or receive the CRA? Would your answer change if you lived in BC?

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