Current Attempt in Progress Concord Bikes Ltd. reports pre-tax cash sales of $4,300 on October 1....
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Current Attempt in Progress Concord Bikes Ltd. reports pre-tax cash sales of $4,300 on October 1. (a) Record the sales assuming they are subject to 13% HST. (b) Record the sales assuming they are subject to 5% GST and 9.975 % QST. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.) No. Date Account Titles Debit Credit (a) Oct. 1 Cash Sales Sales Tax Payable (b) Oct. 1 Cash Sales Sales Tax Payable 4300 4300 Current Attempt in Progress Concord Bikes Ltd. reports pre-tax cash sales of $4,300 on October 1. (a) Record the sales assuming they are subject to 13% HST. (b) Record the sales assuming they are subject to 5% GST and 9.975 % QST. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Round answers to O decimal places, e.g. 5,275.) No. Date Account Titles Debit Credit (a) Oct. 1 Cash Sales Sales Tax Payable (b) Oct. 1 Cash Sales Sales Tax Payable 4300 4300
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