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HST rate

HST rate

FINANCIAL ACCOUNTING
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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Sawchuk's Home and Garden Centre in Toronto files monthly HST returns. The purchases on which it paid the HST and the sales on which it collected the HST for the last four months were as follows: Month March April May June March April May June $ $ $ Purchases ($) 135,650 213,425 176,730 Based on an HST rate of 13%, calculate the HST remittance or refund due for each month. (Round your answers to the nearest cent. Input all amounts as positive values.) GA GA GA refund 153,715 refund remittance remittance Sales ($) 57,890 205,170 313,245 268,590
Transcribed Image Text:Sawchuk's Home and Garden Centre in Toronto files monthly HST returns. The purchases on which it paid the HST and the sales on which it collected the HST for the last four months were as follows: Month March April May June March April May June $ $ $ Purchases ($) 135,650 213,425 176,730 Based on an HST rate of 13%, calculate the HST remittance or refund due for each month. (Round your answers to the nearest cent. Input all amounts as positive values.) GA GA GA refund 153,715 refund remittance remittance Sales ($) 57,890 205,170 313,245 268,590
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