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Which the correct journal entry for a business remitting hst

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Reference no: EM132703358

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

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

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

c) debit Tax Expense, credit Bank.

d) debit Tax Expense, credit HST Payable.

Reference no: EM132703358

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