Located in PEI with an HST rate of 15%, Red Braids Hockey Hus had the following balances in their HST accounts at the end of the quarter: $$\begin{array} { l l }
\text { HST Recoverable } & \$ 68,000 \
\text { HST Payable } & \$ 105,500
\end{array}$$ Instructions
Prepare the journal entry or entries related to their HST filing.

Question

Located in PEI with an HST rate of 15%, Red Braids Hockey Hus had the following balances in their HST accounts at the end of the quarter: $$\begin{array} { l l } 
\text { HST Recoverable } & \$ 68,000 \
\text { HST Payable } & \$ 105,500
\end{array}$$ Instructions
Prepare the journal entry or entries related to their HST filing.

Quizplus · Accepted Answer

The Answer of Located in PEI with an HST rate of 15%, Red Braids Hockey Hus had the following balances in their HST accounts at the end of the quarter: $$\begin{array} { l l } 
\text { HST Recoverable } & \$ 68,000 \
\text { HST Payable } & \$ 105,500
\end{array}$$ Instructions
Prepare the journal entry or entries related to their HST filing.

Located in PEI with an HST Rate of 15%, Red HST Recoverable $68,000 HST Payable $105,500\begin{array} { l l } \text { HST Recoverable } & \$ 68,000 \\\text { HST Payable } & \$ 105,500\end{array} HST Recoverable HST Payable ​$68,000$105,500​

Located in PEI with an HST Rate of 15%, Red $\begin{array} { l l } \text { HST Recoverable } & \$ 68,000 \\\text { HST Payable } & \$ 105,500\end{array}$