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AProblem 5.13A Sales taxes-perpetual LO3, 77 Joumalize exch of the following transactions assuming a perpetual inventory system and PST at 88 along with 56 GST.
AProblem 5.13A Sales taxes-perpetual LO3, 77 Joumalize exch of the following transactions assuming a perpetual inventory system and PST at 88 along with 56 GST. Note: Any available cash discount is taken only on the sale price before taxes. 44. 1 Purchased 52,000 of merchandise for cash 2 Purchased $6,800 of merchandise, terms 2/10,n/30. 5. Solt merchandise costing $3,600 for $5,200, terms 1/10,n/30 12 Paid for the merchandise purchased on August 2. 15 Collected the amount owing from the customer of August 5 17 Purchaved 56,000 of merchandise, terms n/15. 19 Recorded 57,000 of cash sales (cost of sales $5,800 )
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