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Johnston Distributing Inc. files quarterly GST returns (GST 5%). The purchases on which it paid...

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Accounting

Johnston Distributing Inc. files quarterly GST returns (GST 5%). The purchases on which it paid the GST and the sales on which it collected the GST for the last four quarters were as follows: Quarter Purchases ($) Sales ($) 1 596,476 751,841 Calculate the difference between GST Collected on Sales and GST Paid on Purchases by the business

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