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balance numbers. Problem 5-13A Sales taxes-perpetual LO3,7 Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5%
balance numbers. "Problem 5-13A Sales taxes-perpetual LO3,7 Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. Note: Any available cash discount is taken only on the sale price before taxes. Aug 1 2 5 12 15 17 19 Purchased $2,000 of merchandise for cash Purchased $6,800 of merchandise; terms 2/10,n/30 Sold merchandise costing $3,600 for $5,200; terms 1/10.n/30 Poid for the merchandise purchased on August 2 Collected the amount owing from the customer of August 5. Purchased $6,000 of merchandise; terms n/15. Recorded $7.000 of cash sales (cost of sales $5,800)
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