On July 10,

Keller

Company, a business located in Alberta, purchased

$15,000

of inventory for resale on account. On July 25,

Keller

recorded the sale of that merchandise on account for

$20,000

plus tax. On August 10,

Keller

remitted GST to the Receiver General. They had no other sales or input tax credits. Journalize all three transactions.

Begin by journalizing the purchase of inventory on account. (Record debits first, then credits. Exclude explanations from journal entries.)

General Journal
Date		Accounts	Debit	Credit
Jul	10