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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. I Purchased $2,200 of merchandise for cash. 2 Purchased $7,000 of merchandise, terns 1/10,n/30. 5 Sold merchandise costing $3,800 for $5,400; terns 3/16,n/30. 12 Paid for the merchandise purchased on August 2 . 15 Collected the amount owing from the custoner of August 5. 17 Purchased $6,200 of nerchandise; terns n/15. 19 Recorded $7,200 of cash sales (cost of sales $6,800 ). Journal entry worksheet

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