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Brault&Martineau Brault&Martineau, a retailer of furniture and appliances,...

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Accounting

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Brault&Martineau Brault&Martineau, a retailer of furniture and appliances, is established in Quebec. In this province, GST is 5% and PST is 9,975%. On March 25, the retail store Brault&Martineau sold tables and chairs for $10,000 plus tax cash to the restaurant Resto Itd. These goods were purchased for $8,000 few weeks ago. Instructions: Record the following transactions including sales taxes. When there is more than one debit account or more than one credit account for a journal entry, enter the biggest amount first. Round numbers to the nearest cent (2 decimals). Journal entry for Breault&Martineau . . Journal entry for Resto Ltd . Cash Accounts Receivable Inventory GST receivable PST receivable PPE Accounts Payable GST payable PST payable Sales GST revenue PST revenue COGS GST expense PST expense

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