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Today is June 3 0 , SATCC s fiscal year - end, and the accountant is yet to enter several entries for the year -

Today is June 30, SATCCs fiscal year-end, and the accountant is yet to enter several entries
for the year-end close. SATCC purchased new computer and office equipment to upgrade
their IT systems. The costs to purchase are as follows:
a) On June 1,2023,5 sets of computers were purchased for a total of $6,923.00.
Computers $ 5,000
Installation 800
Shipping 500
PST 6%348
GST 5%315
TOTAL $ 6,963
b) Office chairs purchased on June 29,2023, totaled $2,874.00.
Office chairs $ 2,400
Shipping 200
PST 6%144
GST 5%130
TOTAL $ 2,874
c) Additionally, SATCC paid $1,200.00 to XYZ Moving Co. to dispose of the old
computers and equipment.
d) As a public agency, SATCC is exempt from GST. However, some vendors incorrectly
charge SATCC for GST. When GST is charged by the vendor, SATCC recovers it from the
Canada Revenue Agency (CRA).Today is June 30, SATCC's fiscal year-end, and the accountant is yet to enter several entries
for the year-end close. SATCC purchased new computer and office equipment to upgrade
their IT systems. The costs to purchase are as follows:
a) On June 1,2023,5 sets of computers were purchased for a total of $6,923.00.
b) Office chairs purchased on June 29,2023, totaled $2,874.00.
c) Additionally, SATCC paid $1,200.00 to XYZ Moving Co. to dispose of the old
computers and equipment.
d) As a public agency, SATCC is exempt from GST. However, some vendors incorrectly
charge SATCC for GST. When GST is charged by the vendor, SATCC recovers it from the
Canada Revenue Agency (CRA).
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