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 $1,300 of merchandise for cash. 2 Purchased 56,100 of merchandise; terms 1/10,n/30. 5 Sold merchandise costing $2,900 for $4,500; teras 3/10,n/30. 12 Paid for the merchandise purchased on August 2. 15 Collected the anount owing from the custoner of August 5. 17 Purchased $5,300 of merchandise; terms n/15. 19 Recorded $6,300 of cash sales (cost of sales 55,100 ). Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. Note Any avallable cash discount is taken only on the sale price before taxes. Aug. 1 Purchased $1,300 of merchandise for cash. 2 Purchased \$6, 100 of merchandise; terns 1/10,n/30. 5 Sold merchandise costing $2,990 for $4,500; terms 3/10,n/30. 12 Pald for the merchandise purchased on August 2. 15 collected the amount owing from the customer of August 5. 17 Purchased $5,300 of merchandise; terns n/15. 19 Recorded $6,300 of cash sales (cost of soles $5,100 )