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Q 25 (p. 328) Note: Follow Perpetual Inventory System. There is no COGS amounts provided for sales, so ignore it for this assignment. For (b) First prepare the T-account and then General Journal entry to show the remittance/payment of GST. 25. (a) Record the following source documents on page 307 of a general journal. HST is 13 percent. Jun. 1 Cash register tape shows sales of $945 plus HST $122.85 2 Cheque received: C. Ballard for $524 to pay Invoice 803, no discount. L Noble to pay Invoice 799, $324 less $6.48 discount K Engel, the owner, for $2500 as an additional investment in the business. 5 Purchase invoices received. CHCH TV for advertising $1000. Calculate and add HST. Gonchar Supply for merchandise. $1275. Calculate and add HST. 7 Bank credit memo, 59000 for a bank loan that was depos- ited in the company bank account. 8 Cheque received from C. Drago to pay Invoice 805, 5560 less $11.20 discount. 9 Cash Sales Slips 940 to 955 for $2155. Calculate and add HST. 15 Sales invoices. Calculate and add HST to all invoices. D. Alfredsson $675, invoice 5344, terms net 30. R Kessler, $295, invoice 5345, terms net 30. D. Sedin, 5990, invoice 5346, terms net 30. (b) Prepare T-accounts for HST Payable and HST Refundable. Determine the balance of HST owing. Prepare the entry to pay the HST. Please note: Make sure you use only ONE Google Sheet/Microsoft Excel file. Then, rename each sheet as following: Sheet 1 General Journal (a) Sheet 2 = T-Account + General Journal (b)

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