Page 7 Problem #3 ( 17 Marks) Ellie Smith is located in Napanee, Ontario and provides accounting services to local businesses. The HST rate is 13%. The following transactions took place in January of the current year: 5 Jan. 1 Purchased supplies for cash of $1,500 plus HST. Purchased new office furniture for cash. The cost was $5,500 plus HST. 15 Billed Kwon Company $1,600 plus HST for accounting services. 19 Paid $400 cash plus HST to have the office copier repaired. 30 Collected the amount due from Kwon Company. 31 Paid the quarterly remittance of HST to the Receiver General. The balance in the accounts consisted of HST Payable $12,350 and HST Recoverable of $1,885. Instructions: Prepare the required journal entries for the above transactions