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Question 4 : ( 2 0 marks ) Trenton Home Limited ( THL ) is a retailer operating in the province of Ontario, where the
Question : marks Trenton Home Limited THL is a retailer operating in the province of Ontario, where the HST rate is Trenton uses a perpetual inventory system. Transactions for the business in the month of November are shown below: Nov Paid November store rent to the landlord. Monthly rent payments are $ plus HST Nov Purchase merchandiseinventorxon account for Comet Industries. The merchandise cost $ plus HST Nov Retumed $ of the merchandise to Comet Industries. Nov Sold merchandise on account to Solar Star Company for $ plus HST terms FOB shipping point. The merchandise was shipped to Solar Star. The cost of the merchandise to THL was $ Nov Purchased a new laptop at Staples for the marketing manager. The price of the laptop was $ plus HST Raid cash. Nov Paid the quarterly remittance of HST to the Receiver General. The balance in the accounts were as follows HST Payable $ and W WT Recoverable $ Required: Prepare the journal entries to record these transactions on the books of Trenton Home Limited.
Question : marks
Trenton Home Limited THL is a retailer operating in the province of Ontario, where the HST rate is Trenton uses a perpetual inventory system. Transactions for the business in the month of November are shown below:
Nov Paid November store rent to the landlord. Monthly rent payments are $ plus HST
Nov Purchase merchandiseinventorxon account for Comet Industries. The merchandise cost $ plus HST
Nov Retumed $ of the merchandise to Comet Industries.
Nov Sold merchandise on account to Solar Star Company for $ plus HST terms FOB shipping point. The merchandise was shipped to Solar Star. The cost of the merchandise to THL was $
Nov Purchased a new laptop at Staples for the marketing manager. The price of the laptop was $ plus HST Raid cash.
Nov Paid the quarterly remittance of HST to the Receiver General. The balance in the accounts were as follows HST Payable $ and W WT Recoverable $
Required:
Prepare the journal entries to record these transactions on the books of Trenton Home Limited.
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