Blue Robin Retail has one store in Ottawa and one in Regina. All sales in Ontario are

Question:

Blue Robin Retail has one store in Ottawa and one in Regina. All sales in Ontario are subject to 13% HST; all sales in Saskatchewan are subject to 5% GST and 5% PST. On March 12, 2017, the Ottawa store reports cash sales of $7,200 and the Regina store reports cash sales of $8,400.
(a) Calculate the sales taxes each store charged for these sales.
(b) Prepare a journal entry for each store to record the sales on March 12, 2017.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

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

Question Posted: