what is the correct answer

16) The seller's sales invoice is the buyer's purchase invoice. Answer, TRUE OR FALSE 17) If a debit memorandum is issued, the buyer will reduce their accounts receivable. Answer. TRUE OR FALSE 18) The account Inventory includes the shipping costs to the buyer. Answer. TRUE OR FALSE 19) Provincial Sales Tax Payable is a A) liability account with a debit balance Bj liability account with a credit balance. C) contra-asset account with a debit balance. Dj contra-asset account with a credit balance. 20) The ledger containing all the balance sheet and income statement accounts is the A) general ledger. Bj accounts payable subsidiary ledger, CJ accounts receivable subsidiary ledger. D) payroll ledger. 21) The liability account used to record HST owed is A) Sales Tax Expense. B) Prepaid Taxes. C) HST Payable D) Sales. 22) Flat Tire Company sold tires to a charge customer, including PST and GST. What entry is required to record this transaction? A) Debit Cash, credit Sales, Debit Cost of Goods Sold, Credit Inventory B) Debit Cash, credit Sales, credit GST Payable, credit PST Payable, Debit Cost of Goods Sold, Credit Inventory C) Debit Accounts Receivable, credit Sales, Debit Cost of Goods Sold, Credit Inventory D) Debit Accounts Receivable, credit Sales, credit GST Payable, credit PST Payable, Debit Cost of Goods Sold, Credit Inventory 23) PST Payable is a A) revenue account with a credit balance. Bj cost of goods sold account with a debit balance. C) contra revenue account with a debit balance. D) liability account. 24) Sold merchandise subject to HST at 13%, accepting cash. This will be recorded with A) a credit to an expense account. B) a credit to a liability account. C) a credit to Capital. D) None of these are correct