Assume Pebble Inc. on October 15 purchased $2,500 of merchandise on credit. The next day, it recorded
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Assume Pebble Inc. on October 15 purchased $2,500 of merchandise on credit. The next day, it recorded sales of $1,700; cost of sales was $1,200. Record the October 15 and October 16 entries assuming each of the geographical areas noted in Exhibit 10.6. A chart similar to the following might be useful in organizing your answer, where those regions with the same sales taxes are combined in one column.
In Exhibit 10.6
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Oct Merchandise 15 Inventory GST Receivable HST Receivable Accounts Paya...View the full answer
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Related Book For 
Fundamental Accounting Principles Volume 2
ISBN: 9781260881332
17th Canadian Edition
Authors: Kermit D. Larson, Heidi Dieckmann, John Harris
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