Erin's Hair Styling files GST returns quarterly. During the first quarter of the year, Erin billed customers for a total of $12,500 and then added the GST. Inthe same period, Erin paid $2500 to suppliers and $6000 for rent, plus the GST on these goods and services. What GST must Erin remit to the CanadaRevenue Agency for the last quarter?O $200O $625O $385O $425

In 2021 year, GST Rates in Canadian Provinces and Territories is 5%

Answered: Erin's Hair Styling files GST returns…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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