Journalize each of the transactions in Exercise 29 assuming a periodic inventory system and PST at 8%

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Journalize each of the transactions in Exercise 29 assuming a periodic inventory system and PST at 8% along with 5% GST.
In Exercise 29
June 1 Purchased $2,000 of merchandise; terms 1/10, n/30.
5 Sold $1,000 of merchandise for $1,400; terms n/15.

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Mar 08, 2016 07:51 AM

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Journalize each of the transactions in Exercise 29 assuming a periodic inventory system and PST at 8%

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