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On September 15, Mac's Machinery, located in Regina, Saskatchewan, sold inventory on account with a sales price of $85,000. The cost of the inventory was

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On September 15, Mac's Machinery, located in Regina, Saskatchewan, sold inventory on account with a sales price of $85,000. The cost of the inventory was $48,000. Mac's Machinery uses a perpetual inventory system. Required: Journalize the sales transaction on September 15, including GST (5\%) and PST ( 6%), assuming the sale was to an end user of the merchandise

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