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2. You are hired to advise the owner of Regina Retail Company on how to properly record sales taxes for the sale and purchase of

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2. You are hired to advise the owner of Regina Retail Company on how to properly record sales taxes for the sale and purchase of merchandise inventory. Assuming that the Saskatchewan sales tax rate is 6% and that federal GST rate =5%, record the following transactions: ( 4 marks) Mar 3 - purchased merchandise on account for $660 from supplier Daze-On Inc. Mar 11 - sold merchandise on account for $2,172 to customer Wulter's Market, with a cost of $1,010

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