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*Exercise 5-27 Sales taxes-perpetual LO3, 8 Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST.
*Exercise 5-27 Sales taxes-perpetual LO3, 8 Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. Purchased $2,000 of merchandise; terms 1/10, n/30. June 5 Sold $1,000 of merchandise for $1,400; terms n/15 Step by Step Solution
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Survey of Accounting
Authors: Carl S. Warren
8th edition
1305961889, 978-1337517386, 1337517380, 978-1305961883
