Stark Industries operates in the province of Ontario, where the HST rate is $13\%.$ Stark PART A $-$ Journal Entries

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PART B $-$ Calculate

PART C $-$ Calculate

PART D $-$ Calculate

uses a perpetual inventory system. Transactions for the business in the month of

November $2021$ are shown below:

Nov $1$ Paid November store rent to the landlord. Monthly rent payments are

$$4,650$ plus HST$.$

Nov $14$ Purchase merchandise inventory on account from various suppliers. The

merchandise cost $$2,750$ plus HST$.$

Nov $17$ Sold merchandise on account to various customers totaling $$9,770$ plus

HST$.$ The cost of the merchandise to Stark was $$6,220.$

Required:

a$)$ Prepare the journal entries to record these transactions on the books of Stark

Industries.

b$)$ Calculate the balance in the HST Payable account at the end of November

c$)$ Calculate the balance in the HST Recoverable account at the end of November.

d$)$ How much will Stark Industries owe to the Receiver General when they file their

next HST return? Please see attached excel sheet structure and fill it out in a table format with all the rows filled.