Sheffield Ltd., a private company following ASPE, is a merchant and operates in the province of Ontario, where the HST rate is 13%. Sheffield uses a perpetual inventory system. Transactions for the business for the month of March and April are as follows:

Mar.	1		Paid March rent to the landlord for the rental of a warehouse. The lease calls for monthly payments of $6,200 plus 13% HST.
	3		Sold merchandise on account and shipped merchandise to Marcus Ltd. for $18,600, terms n/30, f.o.b. shipping point. This merchandise cost Sheffield $14,400.
	5		Granted Marcus a sales allowance of $600 (exclusive of taxes) for defective merchandise purchased on March 3. No merchandise was returned.
	7		Purchased merchandise for resale on account from Tinney Ltd. at a list price of $2,600, plus applicable tax.
	12		Purchased a desk for the shipping clerk, and paid by cash. The price of the desk was $800 before applicable tax.
Apr.	15		Paid the monthly remittance of HST to the Receiver General for Canada.
	30		Paid the monthly PST remittance to the Treasurer of the province (where applicable).

Prepare the journal entries to record these transactions on the books of Sheffield Ltd. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 1	enter an account title for the journal entry on March 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 1	enter a debit amount	enter a credit amount
Mar. 3	enter an account title to record sales on account on March 3	enter a debit amount	enter a credit amount
	enter an account title to record sales on account on March 3	enter a debit amount	enter a credit amount
	enter an account title to record sales on account on March 3	enter a debit amount	enter a credit amount
	(To record sales on account)
Mar. 3	enter an account title to record cost of goods sold on March 3	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold on March 3	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
Mar. 5	enter an account title for the journal entry on March 5	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 5	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 5	enter a debit amount	enter a credit amount
Mar. 7	enter an account title for the journal entry on March 7	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 7	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 7	enter a debit amount	enter a credit amount
Mar. 12	enter an account title for the journal entry on March 12	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 12	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 12	enter a debit amount	enter a credit amount
Apr. 15	enter an account title for the journal entry on April 15	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on April 15	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on April 15	enter a debit amount	enter a credit amount

eTextbook and Media

List of Accounts

Assume instead that Sheffield operates in the province of Alberta, where PST is not applicable. GST is charged at the rate of 5%. Prepare the journal entries to record these transactions on the books of Sheffield. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Mar. 1	enter an account title for the journal entry on March 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 1	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 1	enter a debit amount	enter a credit amount
Mar. 3	enter an account title to record sales on account on March 3	enter a debit amount	enter a credit amount
	enter an account title to record sales on account on March 3	enter a debit amount	enter a credit amount
	enter an account title to record sales on account on March 3	enter a debit amount	enter a credit amount
	(To record sales on account)
Mar. 3	enter an account title to record cost of goods sold on March 3	enter a debit amount	enter a credit amount
	enter an account title to record cost of goods sold on March 3	enter a debit amount	enter a credit amount
	(To record cost of goods sold)
Mar. 5	enter an account title for the journal entry on March 5	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 5	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 5	enter a debit amount	enter a credit amount
Mar. 7	enter an account title for the journal entry on March 7	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 7	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 7	enter a debit amount	enter a credit amount
Mar. 12	enter an account title for the journal entry on March 12	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 12	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on March 12	enter a debit amount	enter a credit amount
Apr. 15	enter an account title for the journal entry on April 15	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on April 15	enter a debit amount	enter a credit amount
	enter an account title for the journal entry on April 15	enter a debit amount	enter a credit amount