An architect, We Build It, provides planning services in the province of Manitoba. GST of 5% and PST of 7% apply. Transactions are shown below:
May 1. Purchased a large-format scanner on account for $2,000 for use in the office.
8. Purchased from a computer store the necessary cords to install the scanner, paying $120 plus taxes.
15. Billed a client for services provided of $1,500, plus applicable taxes.
Jun. 15. Remitted GST to the Receiver General and PST to the Minister of Finance.
The balance for GST Charged on Sales was $1,480.12 and for GST Paid on Purchases was $986.15. The PST collected was $1,057.22.
Record the entries.