Question: 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

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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