Bob$$s Fishing Supply charges GST on all its sales and pays GST on all its purchases at the rate of $5\%.$ Bob$$s Fishing Supply uses the perpetual inventory system. The following are transactions for the month of May:

$$ May $8$Purchased inventory on account, FOB destination, from Barnhart Wholesale for $$1,000$ plus applicable GST$.$

$$ May $10$Returned defective merchandise to Barnhart for $$300$ plus applicable GST$.$

$$ May $12$Sold merchandise to Dallas Company on account for $$3,000$ plus applicable GST$.$ FOB shipping point. Cost of the merchandise sold was $$2,500.$

$$ May $28$Collected balance on account from Dallas.

$$ May $30$Paid balance on account to Barnhart.

Required

Prepare the journal entries for the month of May. You can ignore PST$.$Bob's Fishing Supply charges GST on all its sales and pays GST on all its purchases

at the rate of $5\%.$ Bob's Fishing Supply uses the perpetual inventory system. The

following are transactions for the month of May:

May $8-$Purchased inventory on account, FOB destination, from Barnhart

Wholesale for $$1,000$ plus applicable GST$.$

May $10-$Returned defective merchandise to Barnhart for $$300$ plus

applicable GST$.$

May $12-$Sold merchandise to Dallas Company on account for $$3,000$ plus

applicable GST$.$ FOB shipping point. Cost of the merchandise sold was $$2,500.$

May $28-$Collected balance on account from Dallas.

May $30-$Paid balance on account to Barnhart.

$\frac{?}{{?}_{\frac{?}{?}}}$ Required

Prepare the journal entries for the month of May. You can ignore PST$.$