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Located in PEI with an HST Rate of 15%, Red  HST Recoverable $68,000 HST Payable $105,500\begin{array} { l l } \text { HST Recoverable } & \$ 68,000 \\\text { HST Payable } & \$ 105,500\end{array}

Question 86

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Located in PEI with an HST rate of 15%, Red Braids Hockey Hus had the following balances in their HST accounts at the end of the quarter:  HST Recoverable $68,000 HST Payable $105,500\begin{array} { l l } \text { HST Recoverable } & \$ 68,000 \\\text { HST Payable } & \$ 105,500\end{array} Instructions
Prepare the journal entry or entries related to their HST filing.

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