Basement Living sells outdoor furniture and accessories. It operates in a province which has a 7% PST and 5% GST. Basement Living charges PST and GST to customers, and pays PST and GST on most purchases, except for inventory. The company only pays GST on the purchase of inventory. The following transactions occurred during August, 2020. Aug 2 Purchased inventory for $4,000 plus GST on account. Aug 5 Sold inventory to a customer for $3,500 plus GST and PST on account. The inventory costs $2,625. Aug 12 Purchased $420 worth of office supplies, plus GST and PST in cash. Aug 25 Sold inventory to a customer for $6,600 plus GST and PST for cash. The inventory costs $3,520. Aug 27 Received the total amount owing from the customer from Aug 5. Aug 28 Paid the supplier from August 2 the amount owing. Aug 31 Prepared the PST remittance to the provincial government. Aug 31 Prepared the GST remittance to the federal government Record the transactions for August 2020. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole dollar. For transactions that have more than one debit or more than one credit, enter the accounts in alphabetical order. Date Account Title and Explanation Debit Credit Aug 2 Purchased inventory on account Aug 5 Sales on account