Journalize each of the transactions in Problem 5-16A assuming a periodic inventory system and PST at 7% along with 5% GST.
In Problem 5-16A
Aug. 1, Purchased $2,000 of merchandise for cash.
2 Purchased $6,800 of merchandise; terms 2/10, n/30.
5 Sold merchandise costing $3,600 for $5,200; terms 1 /10, n/30.
12 Paid for the merchandise purchased on August 2.
15 Collected the amount owing from the customer of August 5.
17 Purchased $6,000 of merchandise; terms n/15.
19 Recorded $7,000 of cash sales (cost of sales $5,800).