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5 marks 2. Sails Co's business is in Saskatchewan, where the legislated excise taxes are GST 5% and PST 6%. The company sold the following

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5 marks 2. Sails Co's business is in Saskatchewan, where the legislated excise taxes are GST 5% and PST 6%. The company sold the following merchandise to a customer: Sailboat merchandise, sale price Sailboat merchandise, cost $ 1,300 $ 780 SailsCo uses a perpetual inventory system. REQUIRED: Assuming the sale was for cash, prepare all entries required for this sale

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