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P13-1B. Laura's Cosmetic Market of Brandon began operating in April. There is 8% PST and 5% GST on all cosmetic sales. Laura offers no discounts.

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P13-1B. Laura's Cosmetic Market of Brandon began operating in April. There is 8% PST and 5% GST on all cosmetic sales. Laura offers no discounts. The following transactions occurred in April: 2022 Apt. 2 Laura Murray invested $10,000 in the cosmetic market from her personal account. 3 From the cash register tapes, lipstick cash sales were $5,000 plus taxes. Cost of inventory was $3,750. 4 From the cash register tapes, eyeshadow cash sales were $3,000 plus taxes. Cost of inventory was $2,250. 5 Sold lipstick on account to Corsen Co, $400, sales invoice Na 1001, plus taxes. Cost of inventory was $300. 9 Sold eyeshadow on account to Kaclen Parker Co$900, sales invoice No. 1002, plus taxes. Cost of inventory was $675. 16 Issued credit memorandum No 30 to Corsen Ca for lipstick returned, $200. (Be sure to reduce taxes payable.) Merchandise was not returned to inventory. 18 Kaclen Parker Co. paid half the amount owed from sales invoice No. 1002, dated April 9. 19 Sold lipstick on account to Jaiden Co, 5600 sales invoice No. 1003, plus taxes. Cost of inventory was $450. 22 Sold eyeshadow on account to Rusty Ncal Co., $1,000, sales invoice No. 1004, plus taxes. Cost of inventory was $750. 23 Issued credit memorandum No. 31 to Jaiden Co for $300 (plus taxes) for lipstick returned from sales invoice No 1003, dated April 19. Cost of inventory returned was $225. Apr. 26 Sold lipstick on account to Kaelen Parker Co, $900, sales invoice No 1005, plus taxes. Cost of inventory was $675. 29 Cash sales taken from the cash register tape showed: 1. Lipstick-$4.000 + taxes. Cost of inventory was $3,000. 2. Eyeshadow --$2,000 + taxes. Cost of inventory was $1,500 30 Received payment from Kaelen Parker Co. of sales invoice No. 1005, dated April 26

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