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
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.
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