Question: Backyard Shed Solutions sells its largest shed for $1,500 plus HST of 13%. On May 10, 2014, it sold 10 of these sheds. In order
Backyard Shed Solutions sells its largest shed for $1,500 plus HST of 13%. On May 10, 2014, it sold 10 of these sheds. In order to increase sales the following weekend, the company offered to sell these sheds for $1,500, sales tax included. On May 17, 2014, the company sold 20 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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