Wildhorse Company is a retailer operating in the province of Ontario, where HST is $13\%.$ Wildhorse uses a periodic inventory systen and the earnings approach to revenue recognition. Transactions for the business are shown below:

Nov. $1$ Paid November store rent to the landlord. The lease calls for monthly payments of $$4,800.$

$4$ Purchased merchandise for resale on account from Comet Industries. The merchandise cost $$7,900$ plus applicable tax.

$6$ Returned $$700$ of merchandise to Comet Industries.

$7$ Sold merchandise on account to Solar Star Company for $$10,000,$ plus applicable sales taxes, terms, n$/30,$ FOB shipping point. The merchandise was shipped to Solar Star. The cost of the merchandise to Wildhorse was $$5,900.$

$12$ Purchased a new laptop computer at Staples for the marketing manager. The price of the laptop was $$1,500$ before applicable taxes.

$30$ Paid the quarterly remittance of HST to the Receiver General. The balances in the accounts were as follows: HST Payable $$2,520$ and HST Recoverable $$960.$