Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 4 Blue Robin Retail has one store in Ottawa and one in Regina. All sales in Ontario are subject to 13% HST; all sales
Question 4 Blue Robin Retail has one store in Ottawa and one in Regina. All sales in Ontario are subject to 13% HST; all sales in Saskatchewan are subject to 5% GST and 6% PST. On March 12, 2021, the Ottawa store reports cash sales of $7,400 and the Regina store reports cash sales of $8.500. (a) Your answer is wer is correct Calculate the sales taxes each store charged for these sales Ottawa store - HST payable 962 Regina store - GST payable 425 Regina store - PST payable 510 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER (b) Prepare a journal entry for each store to record the sales on March 12, 2021. (Credit account titles are automatically i entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Ottawa store: Mar. 12 Regina store: Mar. 12 LINK TO TEXT By accessing this restian Aceitament
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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