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Journalize each of the following transactions assuming a periodic inventory system and PST at 8% along with 5% GST. June 1 Purchased $3,900 of merchandise;
Journalize each of the following transactions assuming a periodic inventory system and PST at 8% along with 5% GST. June 1 Purchased $3,900 of merchandise; terms 2/10, n/30. 5 Sold $2,900 of merchandise for $3,300; terms n/15. Record the credit sale
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Managerial Accounting
Authors: Karen Braun, Wendy Tietz, Louis Beaubien
4th Canadian Edition
013544344X, 9780135443446
