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Toy Retailer operates in a province where HST 11% is charged on all goods and services. During October 2020, it had the following transactions.
Toy Retailer operates in a province where HST 11% is charged on all goods and services. During October 2020, it had the following transactions. Oct 12 Sold inventory to a customer for $1,300 plus HST for cash. The inventory costs $715 Oct 15 Sold inventory to a customer for $6.200 plus HST on account. The inventory costs $2.800 Record the transactions for October 2020. The company uses a perpetual inventory system. Do not enter dollar signs or commas in the input boxes Bound all answers to the nearest whole dollar. Eat transactions that have more than one debit or more than one credit, enter the accounts in alphabetical order. Date Account Title and Explanation Oct 12 = 0 To record cash sale Oct 12 = Oct 15 To record COGS for the above sale 0 Debit Credit
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