Question
Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. June 1 Purchased $3,000 of merchandise;
Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST.
| June | 1 | Purchased $3,000 of merchandise; terms 2/10, n/30. |
| 5 | Sold $2,000 of merchandise for $2,400; terms n/15. |
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Journal entry Date Jun01 Jun05 General journal ...
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
8th Canadian Edition
111950242X, 1-119-50242-5, 978-1119502425
