Question: Whitehall Doll Company purchased 15 dolls for its inventory paying

Whitehall Doll Company purchased 15 dolls for its inventory, paying $86 per doll. The dolls retail for $145 each. GST is 5%, PST is 8%, and Whitehall Doll Company keeps track of its inventory using the perpetual method.
a. Record the purchase of the dolls including PST and GST, if appropriate.
b. Record the sale of one doll including PST and GST, if appropriate.

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  • CreatedSeptember 15, 2015
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