Part IX (7 Marks) Salty Co. uses a periodic inventory system. Assume GST at 5% and PST at 8%. (any available cash discount is taken on the sale price before taxes). The following selected transactions occurred: May 5 Purchased merchandise for resale from Zodiac for $9,200 plus applicable taxes, terms 1/10, n/30, FOB destination. Sold merchandise to H. Chili (final customer) for $2,400 plus applicable taxes. The customer paid immediately at the time of the sale. May 9 REQUIRED: Prepare the general journal entries for the above transactions. GENERAL JOURNAL DATE ACCOUNT TITLES AND EXPLANATION DEBIT CREDIT Complete on the Excel DATA Sheet