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Question #3) 2 Marks Assume GST is 5% and PST is 6%. Using a Perpetual Inventory System, prepare the following journal entries. 02-Feb-20 Purchased $10,000

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Question #3) 2 Marks Assume GST is 5% and PST is 6%. Using a Perpetual Inventory System, prepare the following journal entries. 02-Feb-20 Purchased $10,000 of Inventory with cash OS-Feb-20 Sale to customer for $15,000 (Cost of Goods $6,000); terms 1/10, n/30

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