Question

Extreme Games Ltd. bought 10 consoles for its inventory for $1,800 and a display case, which will not be resold, for $2,700. Extreme Games sold one console for $240 on that same day. The company keeps track of its inventory using the perpetual method.
Assuming GST of 5% and PST of 6%, record the entries.


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  • CreatedSeptember 15, 2015
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