Question 6 (2.67 points) At December 31, 2020, Nixon Corp.'s records show the following balances, all of which are normal: PST Payable, $ 800; GST Payable, $ 500; GST Receivable, $ 345. In January 2021, Nixon pays the Federal Government the net amount owing regarding GST owing from December. The journal entry to record this payment will include a credit to GST Payable of $ 500. credit to Cash of $ 115. credit to Cash of $ 500. debit to GST Payable of $ 155. Goods and Services Tax (GST) is a value added tax. must be collected by all businesses in Canada. is a sales tax charged by each province on all taxable goods. in some provinces, is an income tax. Working capital is cash invested by owners. cash and receivables less current liabilities. current assets less current liabilities. capital which has been reinvested in the business