The Transactions for June, 2020 June 2- June 3- June 4 - June 5- June 6 - June 7 - June 8 - June 9 - June 10- June 11- June 11- June 12- June 13- June 14- June 15- June 15- June 16- Sold merchandise to East Robson Inc. at invoice price of $30,000 + GST + PST; on credit; Invoice No. 1001 Received merchandise from Everest Company at invoice cost of $4,000 + GST; credit terms, 1%, n /20; Purchase Order No. 5001. No PST since the manager provided the provincial vendor number to the supplier. There will be no PST paid on any merchandise purchased. Sold merchandise to West Rupert Co. for $5,000 + GST + PST; on credit terms; Invoice No. 1002 Received merchandise from Katmandu Ltd. at an invoice cost of $3,000 + GST on credit; terms, 1%, n/20; Purchase Order No. 5002 Sold merchandise for cash to Tabor Equipment for $7,000 + GST + PST Received merchandise from Colton Manufacturing Company at a cost of $2,000 + GST; paid cash. Purchased a capital asset (store equipment) at a cost of $19,100 + GST + PST; gave a 90-day, 6 percent, interest-bearing note payable for the purchase price; assume date was June 1, 2020 for interest and depreciation calculations (at adjustments stage) Sold a tract of land for $10,000 + GST which previously was used by the company and originally cost $3,000; collected cash Collected the account receivable from West Rupert Co.; Invoice No. 1002 Paid $1,200 for a one-year insurance policy on property, plant and equipment starting June 1, 2020 Obtained a $6,000 bank loan; signed a one-year, 7 percent, interest-bearing bank loan agreement. Assume date was June 1, 2020 for interest calculation (at adjustments stage) Paid the account payable to Katmandu Ltd. within the discount period. Purchase Order No. 5002 Paid monthly rent, $2,000 + GST Sold merchandise for cash, $4,000 + GST + PST Purchased merchandise from Logan Ltd. for cash, $4,000 + GST terms 1% n/20. INV 10021 Paid May 31st source deductions to the Canada Revenue Agency (CRA), payable to the Receiver General; CPP $370; El $135; taxes $1675 Sold merchandise on credit to Purdon Co. for $6,000 + GST + PST; Invoice No. 1003