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Shamrock Retail has one store in Ottawa and one in Regina. All sales in Ontario are subject to 13% HST; all sales in Saskatchewan are
Shamrock 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 5% PST. On March 12, 2024, the Ottawa store reports cash sales of $8,900 and the Regina store reports cash sales of $8,100.
1-Calculate the sales taxes each store charged for these sales.
2-Prepare a journal entry for each store to record the sales on march 12,2024
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