Solved

Jan Jolly Operates a Service Business in New Brunswick Required:
Determine Jan's Net HST Remittance Using the Simplified Method

Question 6

Essay

Jan Jolly operates a service business in New Brunswick.The company's 2020 financial information includes the following:
 Revenue $55,000 General and administrative expenses $25,000 Meals and entertainment $3,000 New furnishings $8,000\begin{array}{|l|r|}\hline \text { Revenue } & \$ 55,000 \\\hline \text { General and administrative expenses } & \$ 25,000 \\\hline \text { Meals and entertainment } & \$ 3,000 \\\hline \text { New furnishings } & \$ 8,000 \\\hline\end{array}
Required:
Determine Jan's net HST remittance using the simplified method.
Round all amounts to zero decimal places.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents