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journalize each of the following transactions assuming a perpetual inventory system and PST add 8%...

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Accounting

journalize each of the following transactions assuming a perpetual inventory system and PST add 8% along with 5% GST. Any available cash discount is taken only on the sales price before taxes.
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Aug. 1 Purchased $1,100 of merchandise for cash. 2. Purchased $5,900 of merchandise; terms 3/10, n/30. 5 Sold merchandise costing $2,700 for $4,300; terms 2/10, n/30. 12 Paid for the merchandise purchased on August 2. 15 Collected the amount owing from the customer of August 5. 17 Purchased $5,100 of merchandise; terms n/15. 19 Recorded $6,100 of cash sales (cost of sales $4,900). wansacuon 1st Journal entry worksheet Record the cash purchase. Note: Enter debits before credits Date General Journal Debit Credit Aug. 01 Record entry Clear entry View general journal Journal entry worksheet K

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