Marshlash Retail has one store in Ottawa and one in Regina. All sales in Ontario are subject
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Question:
Marshlash Retail has one store in Ottawa and one in Regina. All sales in Ontario are subject to 13% HST; all sales in Saskatchewan are subject to 5% GST and 6% PST. On March 12, 2021, the Ottawa store reports cash sales of $8,900 and the Regina store reports cash sales of $8,100.
a) Calculate the sales taxes each store charged for these sales.
Ottawa store- HST
Regine store- GST
Regina store- PST
b) Prepare a journal entry for each store to record the sales on March 12, 2021
Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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