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Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. June 1 Purchased $2,200 of merchandise;
Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. June 1 Purchased $2,200 of merchandise; terms 3/10, n/30. 5 Sold $1,200 of merchandise for $1,600; terms n/15. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 June 01 Merchandise inventory GST receivable Accounts payable 2 June 05 Accounts receivable GST payable Sales PST payable 3 June 05 Cost of goods sold Merchandise inventory
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