Reference no: EM132832542

Problem 1: The correct journal entry for a business remitting HST to the government would be:

a) debit Tax Expense, credit Bank.

b) debit Bank, debit HST Recoverable, credit HST Payable.

c) debit Tax Expense, credit HST Payable.

d) debit HST Payable, credit HST Recoverable, credit Bank.

Problem 2: Which of the following is a temporary account?

a) Reginald Dwightm Capital

b) Merchandise inventory

c) HST payable

d) Supplies expense