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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

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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 $2,70e of merchandise for cash. 2 Purchased $7,500 of merchandise; terms 3/10, n/30. 5 Sold merchandise costing $4,300 for $5,900; terns 2/10, n/30. 12 Paid for the merchandise purchased on August 2. 15 Collected the amount owing from the customer of August 5. 17 Purchased $6,700 of merchandise; terms n/15. 19 Recorded $7,700 of cash sales (cost of sales $6,500)

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