Communication: Journalizing Transactions: 14 marks Journalize the following transactions for a merchandising company that uses PERIODIC...

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Communication: Journalizing Transactions: 14 marks Journalize the following transactions for a merchandising company that uses PERIODIC INVENTORY SYSTEM. Transactions May 1 Sales Invoice Sold merchandise on account, $680.00 plus HST of $101.40. 9 Purchase Invoice Purchased merchandise on account, $800.00 plus HST of $117.00. 18 Credit Invoice Received Received an allowance for damaged merchandise that was originally purchased on account. $59.00 plus HST of $7.67, total $66.67. A different company uses the perpetual inventory system. Journalize the transaction below using the same journal page as Part A. Transaction Jun. 2 Cash Sales Slip Sold merchandise, $600 plus HST of $91, total $791. The company originally paid $400 to buy this merchandise. (5 marks) PAGE 2 CREDIT DATE No explana PARTICULARS PR DEBIT Communication: Journalizing Transactions: 14 marks Journalize the following transactions for a merchandising company that uses PERIODIC INVENTORY SYSTEM. Transactions May 1 Sales Invoice Sold merchandise on account, $680.00 plus HST of $101.40. 9 Purchase Invoice Purchased merchandise on account, $800.00 plus HST of $117.00. 18 Credit Invoice Received Received an allowance for damaged merchandise that was originally purchased on account. $59.00 plus HST of $7.67, total $66.67. A different company uses the perpetual inventory system. Journalize the transaction below using the same journal page as Part A. Transaction Jun. 2 Cash Sales Slip Sold merchandise, $600 plus HST of $91, total $791. The company originally paid $400 to buy this merchandise. (5 marks) PAGE 2 CREDIT DATE No explana PARTICULARS PR DEBIT

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