1. Answer the following journal transactions

ASSUME 13% HST (for necessary transactions)

*Dates required for full points

1. You buy 50 units for $2 each on account from Toys Inc. and paid a $20 shipping fee to get the goods August 1st. [4 points]

2. You returned 5 units which were damaged and got an allowance for them August 5^th [3 points]

3. You sold 10 units to Mr. Green on account for a price of 150% their cost & had to pay a $20 shipping fee to get the goods to your customer August 10^th

[6 points]

4. Mr. Green returned 2 units August 14^th [6 points]

5. Mr. Green paid you what he owed you and you gave him a 5% discount. [3 points]