Sarasota Corp. operates in the province of Ontario and sells merchandise on which HST must be charged at a rate of 13%. Sarasota uses a perpetual inventory system and has a calendar year end. Transactions for the business for the month of March are shown below: Mar. 1 Received an order from Franz Madolf for a specialty item not in stock. Due to the cost and nature of the item, Sarasota required Madolf to pay $1,100 in advance of the sale. Received $1,100 cash from Madolf toward the order placed on March 1. 5 Sold merchandise on account and shipped merchandise to Metlock, Inc. for $22,000, plus HST with terms n/30, FOB shipping point. This merchandise cost Stratton $10,900. 30 Collected amount owing from Metlock. 4 Prepare the journal entries to record the March transactions of Sarasota Corp. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit y > (To record sales and sales tax payable) (To record cost of goods sold) Repeat part (a) assuming that Sarasota now operates in the province of British Columbia where PST is charged at the rate of 7% and GST is at the rate of 5%. Also assume that Sarasota has a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and entero for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit > > > (To record sales and sales taxes.) V > > (To record cost of goods sold.)