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PART II: Current Liabilities 8 marks Prepare general journal entries to record the following transactions of Mehta Products for a two-month period: June 30 Recorded

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PART II: Current Liabilities 8 marks Prepare general journal entries to record the following transactions of Mehta Products for a two-month period: June 30 Recorded cash sales of $115,000 for the month plus PST of 8 percent collected on behalf of the province of Manitoba and GST of 5 percent. Record the two taxes in separate accounts. July 6 Sent June PST and GST to the appropriate authorities (Minister of Finance for PST and Receiver General for GST)

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