Question 2 (6 points) ACME Company uses a perpetual inventory system. Assume GST at 5% and PST at 7%. The following selected transaction occurred: July 5 Sold to ACE Co., merchandise with a cost of $4,800 for $6,000 plus applicable taxes, terms 2/10, n/30, FOB destination. Required: Prepare the journal entry to record the above transaction. Paragraph V B I UAE E + v GENERAL JOURNAL DATE ACCOUNT TITLES DEBIT CREDIT