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 Purchased $2,5ee of merchandise for cash. 2 Purchased $7,300 of merchandise: terms 1/10, 1/30. 5 Sold merchandise costing $4,100 for $5,700; terms 3/10, 1/30. 12 Paid for the merchandise purchased on August 2. 15 Collected the amount owing from the customer of August 5. 17 Purchased $6,500 of merchandise; terms n/15. 19 Recorded $7,50e of cash sales (cost of sales $6,300). View transaction list Journal entry worksheet 8