ACME Incorporated uses a perpetual inventory system. Assume GST at 5% and PST at 7%. The following selected transaction occurred: July 5 Sold to Football Co., merchandise with a cost of $3,800 for $5,000 plus applicable taxes, terms 2/10, n/30, FOB destination. Required: Prepare the journal entry to record the above transaction. Paragraph B I U A + v Arial, sans-serif 9pt Ea ACCOUNT TITLES DATE GENERAL JOURNAL DEBIT CREDIT