pter 5 Practice Assignment-Part B (new one) 2 ts eBook Print Seved 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 $1,100 of merchandise for cash. 2 Purchased $5,900 of merchandise; teres 3/10, n/30. 5 Sold merchandise costing $2,700 for $4,300; teres 2/10, n/30. 12 Paid for the merchandise purchased on August 2. 15 Collected the amount owing from the customer of August 5. 17 Purchased $5,100 of merchandise; terms n/15. 19 Recorded $6,100 of cash sales (cost of sales $4,900). View transaction list Journal entry worksheet < 1 2 3 4 5 6 8 9 Record the cash purchase. Note: Enter debits before credits Date Aug. 01 General Journal Debit Credit