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Singh Company recorded HST Payable of $5,000 and HST Recoverable of $7,000 in its accounts. The journal entry to record the remittance to the Government

Singh Company recorded HST Payable of $5,000 and HST Recoverable of $7,000 in its accounts.

The journal entry to record the remittance to the Government would be:

a) Cash$2,000

HST Payable5,000

HST Recoverable$7,000

b) HST Recoverable$7,000

Cash$2,000

HST Payable5,000

c) HST Recoverable$7,000

HST Payable5,000

Cash$12,000

d) Cash$12,000

HST Recoverable7,000

HST Payable5,000

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