Journalize each of the transactions in assuming a petiodic inventory system and PST at 7\% along with 5%. 5 ST. Note; Any avallable cash discount is taken only on the sale price before taxes. Aug. I Purchased $2,000 of merchandise for cash. 2 Purchased 56,809 of merchandise; torms 2/10,n/70. 5 Sold merchandise costing $3,600 for $5,200; terns 1/18,n/30. 12 Pald for the merchandise purchased on August 2. 15 Collected the anount ouing fron the custnoer of Mugust 5. 17 Purchased 56,000 of nerchandise; terms n/15. 17 Hecoeded 59,060 of cash sales (cost of sales $5,800)