Backyard Shed Solutions sells its largest shed for $1,800 plus HST of 13%. On May 10, 2021,

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Backyard Shed Solutions sells its largest shed for $1,800 plus HST of 13%. On May 10, 2021, it sold 40 of these sheds. On May 17, 2021, the company sold 95 of these sheds. All sales are cash sales. For each day’s sales,

(a) Calculate the HST

(b) Prepare a journal entry to record the sales.

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Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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Question Posted: Feb 21, 2020 09:21 AM

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Backyard Shed Solutions sells its largest shed for $1,800 plus HST of 13%. On May 10, 2021,

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a May 10 2021 Calculation of sales tax collected HST 1800 13 40 9360 May 17 2021 Calculat...View the full answer

Accounting Principles Volume 1

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