Centennial Sales Ltd. reports cash sales of $6,000 on October 1. (a) Record the sales assuming they
Question:
(a) Record the sales assuming they occurred in Ontario and are subject to 13% HST (charged on selling price only).
(b) Record the sales assuming they occurred in Quebec and are subject to 5% GST and 8.5% QST (charged on selling price plus GST).
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a Oct 1 Cash 6000 780 6780 Sales 60...View the full answer
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Related Book For 
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118024492
5th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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