Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with

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Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST.
Sept. 2Recorded $9,000 of cash sales (cost of sales $6,200).
3 Purchased $11,000 of merchandise inventory for cash.
7 Purchased $6,500 of merchandise; terms 1 /10, n/45.
8 Sold merchandise costing $ 13,200 for $ 16,200 terms 2/10, n/30
17 Paid for the merchandise purchased on September 7.
18 Collected the amount owing from the customer of September 8.
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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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