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gOOvER gOOvER
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6 years ago
Refer to Table 11-10. What is the correct journal entry to record the payments made during December that require HST?
A)
Inventory   12,000   
Equipment   15,000   
Salaries expense   14,000   
HST recoverable   4,920   
          Cash      45,920

B)
Inventory   12,000   
Equipment   15,000   
HST recoverable   3,240   
          Cash      30,240

C)
Inventory   12,000   
Equipment   15,000   
HST payable   3,240   
          Cash      30,240

D)
Inventory   12,000   
Equipment   15,000   
Salaries expense   14,000   
          Cash      41,000
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Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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raovatallpyraovatallpy
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6 years ago
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gOOvER Author
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6 years ago
Good timing, thanks!
Brownr40
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Yesterday
this is exactly what I needed
Cdfields
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2 hours ago
Thanks for your help!!
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