this is for Statutory Compliance Course.

Question 1 (Quick Method)| ABC Costume store has registered and filed for the Quick Method of reporting their GST/HST return. They are a quarterly filer and are registered in Ontario. Their supplies were made in a participating province with the rate of 8.8%. In Q1 of 2021 their sales were $95,000 including GST/HST (GROSS) and they paid $12,350.00 in GST/HST ITCs on goods and equipment. The GST/HST ITCs on goods was $2,350.00 and the GST/HST ITCs on equipment was $10,000. Prepare a Quick Return for Q1 of 2021 based on the above information. An excel spreadsheet has been provided for you to fill in. Please provide the values for lines: 101, 103, 105, 107, 108, 109 and either 114 or 115 depending on your answer. Don't forget the actual due date and to fill the bottom of the worksheet as well. Question 2 (Regular Method) ABC Costume store has registered and filed their GST/HST returns. They are a quarterly_filer and registered in Ontario. In Q1 of 2021 their sales were $100,000 excluding GST/HST (NET) and they paid $9,350.00 in GST/HST ITC on goods and equipment. Prepare a REGULAR GST/HST for Q1 of 2021 based on the above information. An excel spreadsheet has been provided for you to fill in. Please provide the values for lines: 101, 103, 105, 107, 108, 109 and either 114 or 115 depending on your answer. Don't forget the actual due date, and to fill in the bottom of the worksheet as well. Question 1 (Quick Method)| ABC Costume store has registered and filed for the Quick Method of reporting their GST/HST return. They are a quarterly filer and are registered in Ontario. Their supplies were made in a participating province with the rate of 8.8%. In Q1 of 2021 their sales were $95,000 including GST/HST (GROSS) and they paid $12,350.00 in GST/HST ITCs on goods and equipment. The GST/HST ITCs on goods was $2,350.00 and the GST/HST ITCs on equipment was $10,000. Prepare a Quick Return for Q1 of 2021 based on the above information. An excel spreadsheet has been provided for you to fill in. Please provide the values for lines: 101, 103, 105, 107, 108, 109 and either 114 or 115 depending on your answer. Don't forget the actual due date and to fill the bottom of the worksheet as well. Question 2 (Regular Method) ABC Costume store has registered and filed their GST/HST returns. They are a quarterly_filer and registered in Ontario. In Q1 of 2021 their sales were $100,000 excluding GST/HST (NET) and they paid $9,350.00 in GST/HST ITC on goods and equipment. Prepare a REGULAR GST/HST for Q1 of 2021 based on the above information. An excel spreadsheet has been provided for you to fill in. Please provide the values for lines: 101, 103, 105, 107, 108, 109 and either 114 or 115 depending on your answer. Don't forget the actual due date, and to fill in the bottom of the worksheet as well