Recording the following transactions in the cash receipts journal. Calculate 13% HST as required.
June 2	Lotta Snow invested $25,000 cash to start her new business.
4	Cash sales: clothing $11,400; hardware $8,450; plus HST.
8	Received $850 from Jim Nazium on sales invoice #333.
11	Negotiated a loan from the bank, $20,000.
12	Cash sales: clothing $9,290; hardware $6,330; plus HST.
15	Received payments from customers on account: Ima Dunce $225 on invoice #334;
	and Jan U. Arie $410 on invoice #337.
19	Received payment from Dorrie DaFisch $150 on overdue invoice #303 plus $4.25 interest.
23	Cash sales: clothing $9,550; hardware $7,420; plus HST.
Complete the journal with column totals.

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To record the transactions in the cash receipts journal and calculate the 13 HST Harmonized Sales Ta... View the full answer