Problem 5-13A Sales taxes-perpetual LO3,7 Journalize each of the following transactions assuming a perpetual inventory system and PST at 8% along with 5% GST. Note: Any available cash discount is taken only on the sale price before taxes Aug. 1 Purchased $2,898 of merchandise for cash. 2 Purchased $7,600 of merchandise; terms 1/10, n/30. 5 Sold merchandise costing $4,4ee for $6,eee; terms 3/10, 1/30. 12 Paid for the merchandise purchased on August 2. 15 Collected the amount owing from the customer of August 5. 17 Purchased $6,8ee of merchandise, terms n/15. 19 Recorded $7,808 of cash sales (cost of sales 36,688)