Coronado Limited is a merchant operating in the province of Ontario, where the HST is 13%. Coronado uses a perpetual inventory system. Transactions for the business are shown below:

May	1		Paid May rent to the landlord for the rental of a warehouse. The lease calls for monthly payments of $7,600 plus 13% HST.
	3		Sold merchandise on account and shipped merchandise to Marvin Ltd. for $31,000, plus applicable sales taxes, terms n/30, FOB shipping point. This merchandise cost Coronado $16,200.
	5		Granted Marvin Ltd. a sales allowance of $800 for defective merchandise purchased on May 3. No merchandise was returned. The merchandise had cost $600.
	7		Purchased on account from Macphee Ltd. merchandise for resale for $11,000, plus applicable tax.
	12		Made a cash purchase at Home Depot of a desk for the shipping clerk. The price of the desk was $500 before applicable taxes.
	31		Paid the quarterly remittance of HST to the Receiver General. The balances in the accounts were as follows: HST Payable $7,340 and HST Recoverable $1,941.

Coronado Limited is a merchant operating in the province of Ontario, where the HST is 13%. Coronado uses a perpetual inventory system. Transactions for the business are shown below: May 1 3 5 Paid May rent to the landlord for the rental of a warehouse. The lease calls for monthly payments of $7,600 plus 13% HST. Sold merchandise on account and shipped merchandise to Marvin Ltd. for $31,000, plus applicable sales taxes, terms n/30, FOB shipping point. This merchandise cost Coronado $16,200. Granted Marvin Ltd. a sales allowance of $800 for defective merchandise purchased on May 3. No merchandise was returned. The merchandise had cost $600. Purchased on account from Macphee Ltd. merchandise for resale for $11,000, plus applicable tax. Made a cash purchase at Home Depot of a desk for the shipping clerk. The price of the desk was $500 before applicable taxes. Paid the quarterly remittance of HST to the Receiver General. The balances in the accounts were as follows: HST Payable $7,340 and HST Recoverable $1,941. 7 12 31 Coronado Limited is a merchant operating in the province of Ontario, where the HST is 13%. Coronado uses a perpetual inventory system. Transactions for the business are shown below: May 1 3 5 Paid May rent to the landlord for the rental of a warehouse. The lease calls for monthly payments of $7,600 plus 13% HST. Sold merchandise on account and shipped merchandise to Marvin Ltd. for $31,000, plus applicable sales taxes, terms n/30, FOB shipping point. This merchandise cost Coronado $16,200. Granted Marvin Ltd. a sales allowance of $800 for defective merchandise purchased on May 3. No merchandise was returned. The merchandise had cost $600. Purchased on account from Macphee Ltd. merchandise for resale for $11,000, plus applicable tax. Made a cash purchase at Home Depot of a desk for the shipping clerk. The price of the desk was $500 before applicable taxes. Paid the quarterly remittance of HST to the Receiver General. The balances in the accounts were as follows: HST Payable $7,340 and HST Recoverable $1,941. 7 12 31