Question Help On July 10, King Company, a business located in Alberta, purchased $30,000 of inventory for resale on account. On July 25, King recorded the sale of that merchandise on account for $35,000 plus tax. On August 10, King remitted GST to the Receiver General. They had no other sales or input tax credits. Journalize all three transactions. Begin by journalizing the purchase of inventory on account. (Record debits first, then credits. Exclude explanations from journal entries.) General Journal Date Accounts Debit Credit Jul 10 Next, record the sale of merchandise on account for $35,000 plus tax. Begin with the sale transaction. General Journal Date Accounts Debit Credit Jul 25 Now that we have recorded the sale, we can update inventory. Recall that all of the goods purchased were sold. General Journal Date Accounts Debit Credit ? Choose from any list or enter any number in the input fields and then continue to the next question. MacBook Pro Now that we have recorded the sale, we can update inventory. Recall that all of the goods purchased were sold. General Journal Date Accounts Debit Credit Jul 25 The final journal entry is for the GST remittance to the Receiver General. General Journal Date Accounts Debit Credit Aug 10 Choose from any list or enter any number in the input fields and then continue to the next