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What is the journal entry to record the remittance

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Question: Taylor Ltd is a retailer registered for GST and accounts for GST on accrual basis. During April 2018 the company sold products for $48,400 (including GST). Purchases of goods sold during April were $26,400 (including GST). In addition, the company paid $4,000 plus GST for consulting services received in April. What is the journal entry to record the remittance/refund of the GST to/from the taxation authority?

Reference no: EM132719532

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