Make journal entries to record the following transactions. Explanations are not required. Mar 31 Recorded cash sales

Question:

Make journal entries to record the following transactions. Explanations are not required. Mar 31 Recorded cash sales of $200,000 for the month, plus HST of 13% collected for the Province of Ontario. Apr 6 Sent March HST to CRA.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-0132889711

1st Canadian Edition

Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper

See More Books

Question Posted: Jul 08, 2015 02:41 AM

See More Questions

Make general journal entries to record the following transactions of Mehta Products for a two-month period: Jun. 30 Recorded cash sales of $115,000 for the month plus PST of 8 percent collected on...
Make general journal entries to record the following transactions of Mehta Products for a two-month period. Explanations are not required. Jun. 30 Recorded cash sales of $115,000 for the month, plus...
Required Prepare General Journal entries to record the following transactions of Leduc Company: 2014 Dec 11 Accepted a $15,000, 6%, 60-day note dated this day in granting Fred Calhoun a time...
In Exercises find the given higher-order derivative. 2 "(x) = 2 / f(x) X
Suppose that technology completely eliminates the use of cash. People buy news-papers by putting debit cards in the newspaper box. They use the Internet to pay babysitters. With no cash, does the...
Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Incorporated, to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following...
What are the basic elements of a use case diagram?
A 2.00-kg stone is sliding to the right on a frictionless horizontal surface at 5.00 m/s when it is suddenly struck by an object that exerts a large horizontal force on it for a short period of time....
How do visionary leaders navigate the complexities of organizational dynamics to cultivate a culture of innovation and adaptability ? Explain
A Global private bank is aggressively looking to leverage technology to improve customer experience and reduce operational costs. Over the last few years, it has tied up with at least five startups...
All Star Amusements is planning to issue long-term bonds payable to borrow for a major expansion. For each of the following questions, identify whether the bond price involves a discount, a premium,...
At December 31, Deming Drapes owes $50,000 on accounts payable, plus salary payable of $14,000 and income tax payable of $8,000. Deming Drapes also has $300,000 of bonds payable that require payment...
What is the paradox?
An amount is transferred from the deferred tax account to profit or loss. How does this affect tax payable? The company has more tax to pay. The company has less tax to pay. The company will pay less...
Which of these two statements do you believe is truer of today's employees? Why? The idea of work/life balance suggests that while employees are busy earning a living, they are also busy living a...
Pretend you have the opportunity to craft your ideal working conditions. 1. How do you envision your ideal work/life balance? 2. How would this balance improve your role as an Employee? 3. How would...
Utilizing the business or mock scenario you chose for Assignment 1, you'll now apply the knowledge you've gained about Google Ads to create a mock campaign on the platform. Instructions: Goals:...
The Evolution of Advertising How and why it started The progressions and changes through the years How and when digital display advertising became relevant What effect will advancements like...
In Problems 1 through 28, determine whether or not the given matrix A is diagonalizable. If it is, find a diagonalizing matrix P and a diagonal matrix D such that P -1 AP = D. 5 -4 2-1
Rowland Textile Inc. manufactures two products: sweatshirts and T-shirts. The manufacturing process involves two activities: cutting and sewing. Expected overhead costs and cost drivers are as...
The January 27, 2010, issue of the Wall Street Journal contains an article by Timothy Aeppel entitled Bullwhip Hits Firms as Growth Snaps Back. Instructions Read the article and answer the following...
The following information is from the 2009 annual report of American Greetings Corporation (all dollars in thousands). The following information comes from the notes to the company's financial...
Crescent Electronics has enjoyed tremendous sales growth during the last 10 years. However, even though sales have steadily increased, the company's CEO, Anne Healy, is concerned about certain...
A teapot with a brewer at the top is used to brew tea, as shown in Fig. P3-143. The brewer may partially block the vapor from escaping, causing the pressure in the teapot to rise and an overflow from...
Search and locate a current international issue (an issue that affects more than one culture). 1. Describe the issue 2. Define and discuss the two or more cultures involved in the issue 3. Explain...
How is ethics defined in research and why is it important? Discuss two different ways in which ethics can be compromised when conducting, using, and reporting data. Describe strategies that can be...

Make journal entries to record the following transactions. Explanations are not required. Mar 31 Recorded cash sales

Question:

Step by Step Answer:

Journal DATE ACCOUNTS POST REF DR ...View the full answer

Financial Accounting

Students also viewed these Accounting questions