Question: Journalize each of the transactions in Problem 16B assuming a periodic inventory system and PST at 8% along with 5% GST. In Problem 16B Sept.

Journalize each of the transactions in Problem 16B assuming a periodic inventory system and PST at 8% along with 5% GST.
In Problem 16B
Sept. 2Recorded $9,000 of cash sales (cost of sales $6,200).
3 Purchased $11,000 of merchandise inventory for cash.
7 Purchased $6,500 of merchandise; terms 1 /10, n/45.
8 Sold merchandise costing $1 3,200 for $16,200; terms 2/10, n/30
17 Paid for the merchandise purchased on September 7.
18 Collected the amount owing from the customer of September 8.

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