HST of 13% collected on taxable sales of $900 results in a journal entry that includes a. a debit to Sales Tax Receivable for $117. b. a debit to Sales Tax Payable for $117. c. a credit to Sales for $117. d. a credit to Sales Tax Payable for $117.

HST of 13% collected on taxable sales of $900 results in a journal entry that includes a. a debit to Sales Tax Receivable for $117. b. a debit to Sales Tax Payable for $117. c. a credit to Sales for $117. d. a credit to Sales Tax Payable for $117.

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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