Hockey Hus is located in Ontario with an HST rate of 13%. At the end of the quarter, Hockey Hus had the following balances in their HST accounts: $$\begin{array} { l l }
\text { HST Recoverable } & \$ 24,000 \
\text { HST Payable } & \$ 40,000
\end{array}$$ Instructions
Prepare the journal entry or entries related to their HST filing.

Question

Hockey Hus is located in Ontario with an HST rate of 13%. At the end of the quarter, Hockey Hus had the following balances in their HST accounts: $$\begin{array} { l l } 
\text { HST Recoverable } & \$ 24,000 \
\text { HST Payable } & \$ 40,000
\end{array}$$ Instructions
Prepare the journal entry or entries related to their HST filing.

Quizplus · Accepted Answer

The Answer of Hockey Hus is located in Ontario with an HST rate of 13%. At the end of the quarter, Hockey Hus had the following balances in their HST accounts: $$\begin{array} { l l } 
\text { HST Recoverable } & \$ 24,000 \
\text { HST Payable } & \$ 40,000
\end{array}$$ Instructions
Prepare the journal entry or entries related to their HST filing.

Hockey Hus Is Located in Ontario with an HST Rate HST Recoverable $24,000 HST Payable $40,000\begin{array} { l l } \text { HST Recoverable } & \$ 24,000 \\\text { HST Payable } & \$ 40,000\end{array} HST Recoverable HST Payable ​$24,000$40,000​

Hockey Hus Is Located in Ontario with an HST Rate $\begin{array} { l l } \text { HST Recoverable } & \$ 24,000 \\\text { HST Payable } & \$ 40,000\end{array}$