Inigma Boutiques bought 4 600 of inventory a new cash register
Inigma Boutiques bought $4,600 of inventory, a new cash register for $5,200, and office supplies of $1,450. Inigma Boutiques uses the perpetual inventory method to track its purchases and sales. Two days later, Inigma Boutiques sold inventory costing $750 for $1,250.
a. Assuming GST of 5% and PST of 8%, record the entries.
b. Assuming HST of 13%, record the entries.
c. Assuming GST of 5% and QST of 9.5%, record the entries.
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