Question: Question 26 (4 points) Saved Your friend recently opened a retail shoe store. She knows she needs to pay sales tax but isn't sure

Question 26 (4 points) Saved Your friend recently opened a retail shoe store. She knows she needs to pay sales tax but isn't sure how much. HST is calculated by the cash register. HST rate is 15%. Sales, before taxes, for the first month of operations based on the cash register reports were $230,000. All sales were cash sales. Instructions (a) Calculate the amount of HST. 2 marks (b) Prepare the journal entry to record the sales and sales taxes. 2 marks

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