Modern Electronics Company purchases merchandise inventory from several suppliers. On April 1, 2020, Modern Electronics purchased from Speedy Supplies $120,000 of inventory on account. On May 15, 2020, Modern Electronics sold inventory to a Jones Apartment Complex for $110,000 cash, which included $90,000 COGS for the inventory. On June 15, 2020 Modern Electronics remitted the applicable PST and GST or HST. Use the PST, GST, and HST rates in Exhibit 10.6. Required: Journalize Modern Electronics Company transactions on April 1, 2020, May 15, 2020 and June 15, 2020, including applicable PST and GST or HST assuming it is located in: a. Ontario b. British Columbia c. Alberta Part a. Modern Electronics is located in Ontario View transaction list Journal entry worksheet 1 Record the purchase of inventory on credit plus applicable ITC. Note: Enter debits before credits. < Prev 7 of 7 Next D