Assume Pebble Inc. on October 15 purchased $3,800 of merchandise on credit. The next day, It...

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Assume Pebble Inc. on October 15 purchased $3,800 of merchandise on credit. The next day, It recorded sales of $3,000; cost of sales was $2,600. Record the October 15 and October 16 entries. (Round the final answers to 2 decimal places.) U Albertal NWT/ Nunavut Yukon 5% GST 0% PST Date Oct 15 Oct. 16 Oct. 16 Description Record the purchase of merchandise on credit Merchandise inventory GST/HST receivable Accounts payable Record the credit sale. Accounts receivable Sales GST payable PST payable Record the cost of sales. Cost of goods sold Merchandise inventory Debit CHE 3,800.00 2,800.00 Credit 0.00 2.800.00 Saskatchewan 5% GST 6% PST Debit 2,800.00 Credit 2,600.00 N 80 5% GST 7% PST Dobit 3,800.00 2.000.00 Credit 2,800.00 B Manitoba 5% OST 7% PST Debit 2,800.00 Credit 2.600.00 Quebec 6% GST 9.975% QST Debit 2,800.00 2,800.00 Credit 2,000.00 Ontario 13% HST Debit 2,000.00 Credit 2,000.00 New Brunswick/PEI/ Newfoundland/ Labrador/Nova Scotia 15% HST Debit 3,900.00 2,000.00 Credit 2,000.00 Assume Pebble Inc. on October 15 purchased $3,800 of merchandise on credit. The next day, It recorded sales of $3,000; cost of sales was $2,600. Record the October 15 and October 16 entries. (Round the final answers to 2 decimal places.) U Albertal NWT/ Nunavut Yukon 5% GST 0% PST Date Oct 15 Oct. 16 Oct. 16 Description Record the purchase of merchandise on credit Merchandise inventory GST/HST receivable Accounts payable Record the credit sale. Accounts receivable Sales GST payable PST payable Record the cost of sales. Cost of goods sold Merchandise inventory Debit CHE 3,800.00 2,800.00 Credit 0.00 2.800.00 Saskatchewan 5% GST 6% PST Debit 2,800.00 Credit 2,600.00 N 80 5% GST 7% PST Dobit 3,800.00 2.000.00 Credit 2,800.00 B Manitoba 5% OST 7% PST Debit 2,800.00 Credit 2.600.00 Quebec 6% GST 9.975% QST Debit 2,800.00 2,800.00 Credit 2,000.00 Ontario 13% HST Debit 2,000.00 Credit 2,000.00 New Brunswick/PEI/ Newfoundland/ Labrador/Nova Scotia 15% HST Debit 3,900.00 2,000.00 Credit 2,000.00

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