Question
Sheffield's Pharmacy has collected $510 in HST during March. If sales taxes must be remitted to the Canada Revenue Agency monthly, what entry will Sheffield's
Sheffield's Pharmacy has collected $510 in HST during March. If sales taxes must be remitted to the Canada Revenue Agency monthly, what entry will Sheffield's Pharmacy make to show the March remittance?
| HST Expense | 510 | ||
| Cash | 510 |
| HST Payable | 510 | ||
| Cash | 510 |
| HST Expense | 510 | ||
| HST Payable | 510 |
No entry required
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Financial Accounting
Authors: Tony Davies, Ian Crawford
1st Edition
0273723073, 9780273723073
