Question 3 ( 10 Marks) Journalize each of the following transactions assuming a perpetual inventary syatem and PST at. 8% and GST at 5%. Note: Any available cash discount is taken only on the sale price be fore taxes. Aug. 1 Purchased $2,000 of merchandise for cash. 2 Purchased $6.800 of merchandise terms 2/10. n /30 5 Sold merchandise costing $3.600 for $5200 : terms 1/10,n/30 12 Paid for the merchandise purchased on August 2 15 Collected the amount owing from the customer of August 5 . 17 Purchased $6.000 of merchandise: Terms n/15. 19 Recorded $7.000 of cash sales (cost of sales $5.800 )