Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
gOOvER gOOvER
wrote...
Go to Answer
Posts: 1305
Rep: 0 0
6 years ago
Lippman Company Ltd. collects 5% GST on sales. If  sales are $963,000, the proper accounting includes:
A) $101,115 credit to Sales.
B) $48,150 credit to GST Payable.
C) $48,150 debit to GST Recoverable.
D) $963,000 debit to Accounts Receivable.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
Read 288 times
7 Replies
Replies
Answer verified by a subject expert
raovatallpyraovatallpy
wrote...
#1
Posts: 444
Rep: 37 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here

Related Topics

gOOvER Author
wrote...
#2
5 years ago
Hopefully I pass my course
wrote...
#3
3 years ago
thanks
wrote...
#4
3 years ago
thank
wrote...
#5
3 years ago
Thank
wrote...
#6
3 years ago
thanks
wrote...
#7
3 years ago
thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1199 People Browsing
 124 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 191
  
 179
  
 257
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Should Ph.D.'s be addressed as doctors?