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U Vella Physio Company is located in Ponoka, Alberta and is a retailer of physio supplies. Beginning inventory is $20,000, and Vella uses the perpetual

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U Vella Physio Company is located in Ponoka, Alberta and is a retailer of physio supplies. Beginning inventory is $20,000, and Vella uses the perpetual inventory system. Complete the journal entries on the following dates, adding 5% GST in addition to the amounts shown below as applicable. Vella purchases $60,000 of merchandise from Physio Supplies Co. for Oct-01 cash. Oct-12 Vella sells $22,000 of massage products to a customer on credit terms n/45. The merchandise cost $12,000. Oct-31 The customer pays for the October 12th sale. Nov-10 Vella remits the appropriate amount of GST to the government for the month of October

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