The Mainland group of hotels billed its customers a total of $1,060,000 for the month of November. The total includes a 6% goods and services tax (GST).
Instructions :
(a) Determine the proper amount of revenue to report for the month.
(b) Prepare the general journal entry to record the revenue and related liabilities for the month.

Question

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The Answer of The Mainland group of hotels billed its customers a total of $1,060,000 for the month of November. The total includes a 6% goods and services tax (GST).
Instructions :
(a) Determine the proper amount of revenue to report for the month.
(b) Prepare the general journal entry to record the revenue and related liabilities for the month.

The Mainland Group of Hotels Billed Its Customers a Total