On April 30, Hartwell Co. had a balance in the GST Paid on Purchases account of $32,458.29.

Question:

On April 30, Hartwell Co. had a balance in the GST Paid on Purchases account of $32,458.29. The balance in the GST Charged on Sales account was $26,405.31. What amount should Hartwell remit to the Receiver General on May 15?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting

ISBN: 978-0176509743

Volume 1, 2nd canadian Edition

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

See More Books

Question Posted: Sep 15, 2015 01:57 AM

See More Questions

Preparing, adjusting entries Assume that a firm closes its books once per year, on December 31. The firm employs a full-time bookkeeper and a part-time professional accountant who makes all necessary...
The following selected transactions were completed by Gutters Co. during May and June of the current year. The company sells irrigation supplies to both wholesalers and retail customers. The PST rate...
The cash account for Remedy Medical Co. at April 30, 2014, indicated a balance of $18,885. The bank statement indicated a balance of $23,775 on April 30, 2014. Comparing the bank statement and the...
In Exercises, find the limit. lim (4x- x 16x - x
In teams of three or four, interview several local businesses. Ask them how they maintain a safe and healthful workplace.
When does a business purpose exist for selecting a non-calendar tax year for an S corporation?
Draw a Graph for Income vs College! The New York Times created an interesting interactive graph on income versus percent of children who attend college. They ask you to first draw what you think the...
Ehrlich Co. began business on January 2, 2015. Salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the...
1 . RATIO ANALYSIS You will need to know the formula for each ratio, how to interpret each ratio, and have each ratio computed for 1 3 8 Student Living Inc. annual financial data. If you cannot...
Given the following production function for Tight Jeans Corporation, calculate the marginal physical product and the value of the marginal physical product. Note the value of the marginal physical...
Using the financial statements of Leons Furniture Limited and Shoppers Drug Mart Corporation in Appendixes B and C, answer the following questions: 1. What depreciation methods are used for property,...
Whitehall Doll Company purchased 15 dolls for its inventory, paying $86 per doll. The dolls retail for $145 each. GST is 5%, PST is 8%, and Whitehall Doll Company keeps track of its inventory using...
Three shots rang out, striking Al and his son Jeff. Neither died...yet. It'd be just a matter of time. As the sight of splattered crimson dominated the senses, all I could think of was, "What journal...
Identify Financial Statements from Adjusted Trial Balance Accounts Trownel Corp reports the following accounts in its adjusted trial balance. Identify which financial statement each account would...
Consider standards or elements of performance required for compliance with an accrediting agency of the Practicum organization.
Identify the scenario that would NOT result in an unfavorable direct materials price variance. Unselected The manager ordered smaller quantities than the quantities budgeted which resulted in lower...
Target marketing is for companies that want to sell services or products to accurately identify a specific customer base and establish marketing strategies to meet their needs and needs. This...
What are the main external forces or factors that have impacted our economy during the 21st century (include pandemic)? How has each of these factors influenced companies and their respective supply...
Suppose the average speeds of passenger trains travelling from Winnipeg to Churchill in Manitoba are normally distributed, with a mean average speed of 142 km/h and a standard deviation of 10.3 km/h....
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
(Analysis of Alternatives) Homer Simpson Inc., a manufacturer of steel school lockers, plans to purchase a new punch press for use in its manufacturing process. After contacting the appropriate...
(Analysis of Business Problems) Jean-Luc is a financial executive with Star ship Enterprises. Although Jean-Luc has not had any formal training in finance or accounting, he has a good sense for...
(Analysis of Business Problems) Jean-Luc is a financial executive with Star ship Enterprises. Although Jean-Luc has not had any formal training in finance or accounting, he has a good sense for...
Multiplication of signed operands, which generate a double-length product in the 2's-complement 100 11 MULTIPLICAND (-13) 0 10 1 1 MULTIPLIER (+11) number system. The general strategy is the...
panel = Drawing Panel (160, 160) for i in range (0, 10): panel.draw rectangle (20, 20 + 100 10 * 1, 10 i, 10) Write variations of the above program that draw the figures at the lower right as output....
John estimated the following cash flows (in $) for a project: A B 1 Year Cash flow 2 0 -5,700 3 1 1,325 4 2 2,148 5 3 3,528 The required return for the project is 8%. What is the IRR for the project?

On April 30, Hartwell Co. had a balance in the GST Paid on Purchases account of $32,458.29.

Question:

Step by Step Answer:

Hartwell Co will not have to make a r...View the full answer

Accounting

Students also viewed these Accounting questions