Scoggin rings up sales plus sales taxes on its cash register. On April 10, the register total
Question:
Scoggin rings up sales plus sales taxes on its cash register. On April 10, the register total for sales is $80,000.
Instructions
Journalize the transactions assuming the sales were made in
(a) Quebec,
(b) Nova Scotia, and
(c) Alberta.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
a Quebec April 10 Cash 91980 Sales 80000 80000 GST Payable 80000 x 5 4000 QST Payable 80000 x 99...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
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:
Students also viewed these Managerial Accounting questions
-
In providing accounting services to small businesses, you encounter the following independent situations: 1. Sainsbury Company rang up $13,200 of sales, plus HST of 13%, on its cash register on April...
-
In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales. 1. Warkentinne Company rings up sales and sales taxes separately on its cash...
-
In providing accounting services to small businesses, you encounter the following situations pertaining to cash sales. 1. Duvall Company rings up sales and sales taxes separately on its cash...
-
Determine which sets of vectors are orthogonal. 3 -2 1 3 -1 3 -3 4 3 8 7 0
-
(a) What is the most important output of the accounting cycle? (b) Do all companies have an accounting cycle? Explain.
-
Determine the median and the first and third quartiles in the followingdata. 46 47 49 49 5 53 54 54 55 55 59
-
What is the purpose of financial statements? Would you want to produce them even if they were not required, say, for entity tax reporting?
-
On January 1, 2010, Drennen, Inc., issued $3 million face amount of 10-year, 14% stated rate bonds when market interest rates were 12%. The bonds pay semiannual interest each June 30 and December 31...
-
Lily kunkel purchased merchandise from a supplier and failed to pay $780 invoice by the last day of credit period (May 8). Calculate the total amount Lily must pay on June 23 if the supplier charges...
-
1. I say "bravo" and "right on!" Now we have some real-life humane heroes to look up to! These brave people [a group of animal liberators] went up against the insensitive bureaucratic technology, and...
-
On June 1, 2017, Novack Company purchases equipment on account from Moleski Manufacturers for $50,000. Novack is unable to pay its account on July 1, 2017, so Moleski agrees to accept a three-month,...
-
Charleswood Musical Theatre's season begins in November and ends in April, with a different play each month. In October 2017, Charleswood sold 100 season tickets for the 2017-18 season, for $210...
-
Briefly describe the Working Capital Guarantee Program administered by the Export-Import Bank.
-
Critics have pointed out a number of flaws in cost/benefit analysis: It assigns a dollar value to things that are not commodities such as human life; it places a price on public goods that we consume...
-
Tan Chin Company purchases a building for HK$11,300,000 on January 2, 2015. An engineers report shows that of the total purchase price, HK$11,000,000 should be allocated to the building (with a...
-
An unrestricted gift pledge from an annual contributor to a not-for-profit hospital made in December 20X1 and paid in March 20X2 would generally be credited to a. Contribution revenue in 20X1. b....
-
As organ transplants become more successful, scientists are working on ways to transplant animal organs to humans. Pigs are the odds-on favorites as donors since their organs are about the same size...
-
Henri Matisse was an innovative and famous French artist of the early 20th century, perhaps best known for his expressive use of color in paintings. Some of his paintings have sold for over \(\$ 20\)...
-
Let 2-CNF-SAT be the set of satisfiable boolean formulas in CNF with exactly 2 literals per clause. Show that 2-CNF-SAT 2 P. Make your algorithm as efficient as possible. Observe that x y is...
-
Explain the differences and similarities between fringe benefits and salary as forms of compensation.
-
At April 30, partners capital balances in DES Partners are Dexter $44,000, Emley $26,000, and Singh $24,000. The profit-sharing ratio is 5:3:2, respectively. On May 1, DESW Partners is formed by...
-
Caitlin Maguire and Fiona Whelan, two college friends, decided to set up a house-cleaning business called Maguire & Whelan Cleaning Services. On January 1, 2024, they put their resources together,...
-
Copperfield Developments is a partnership owned by Alvaro Rodriguez and Elisabetta OGrady. On December 31, 2023, the partners capital balances are Rodriguez $67,140 and OGrady $78,140. During 2024,...
-
A rhino is charging at you, so decide to sedate it with a tranquilizer gun angled at 40 as shown above. The tranquilizer gun can reach a horizontal distance of 49 m when angled at 45. (Assume ideal...
-
What is the definition of motivation and how can the chef foster an environment of motivation in the kitchen? What methods can a chef implement to motivate the kitchen team? What factors contribute...
-
Article Review Read the article. Link is given below: https://www.projecttimes.com/articles/avoid-the-top-three-real-causes-of-scope-creep.html Post your thoughts on this article, add references if...
Study smarter with the SolutionInn App