Question: please help me answer Question 4 (2 points) Retake question Determine the amount of cash collected at the time of making a cash sale of

please help me answer

Question 4 (2 points)Retake question

Determine the amount of cash collected at the time of making a cash sale of $9,220 worth of merchandise subject to 13% HST.

Answer:_______

Question 8 (2 points)Retake question

Determine the amount of revenue to record at the time of making a cash sale of $9,220 worth of merchandise subject to 13% HST.

Answer:_________

Question 10 (3 points)Retake

Calculate gross sales:

Net sales = $75,000

HST charged = $14,300

Sales returns and allowances - $15,000

Sales discounts - $20,000

Accounts receivable - $12,000

Answer:_________

Question 11 (1 point)Retake question

A credit memorandum decreases which account on the seller's books?

Question 11 options:

Accounts Payable

Sales Returns and Allowances

Purchases Returns and Allowances

Accounts Receivable

Question 12 (2 points)Retake question

Determine the amount of cash collected at the time of making a sale of $2,999 worth of merchandise subject to a 6% provincial sales tax plus 5% GST.

Answer:______

Question 13 (2 points)Retake question

Sue's Jewelry sold 25 necklaces for $25 each to a credit customer. The cost of the necklaces to Sue's Jewelry was $15 plus 13% HST. The invoice included HST at 13% and payment terms of 2/10, n/30. Five necklaces were returned prior to payment. The entry to record the return would include

Question 13 options:

a credit to Sales Tax Payable for $16.25.

a debit to Sales Returns and Allowances for $141.25.

a debit to Accounts Receivable for $141.25.

a debit to Sales Returns and Allowances for $125.00.

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