Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1....

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Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1. You purchase $100,000 of merchandise [1,000 units] on account from Techpower according to the terms 3/10, n/30. You plan on selling for a 70% markup in price. You had to pay $2,000 in freight & carry (shipping) to get the goods. [3 points] 2. You had to return 3 units and received an allowance [3 points] 3. You paid Techpower. [4 points] 4. You sold 2 units on account to GreenGroup and paid $100 shipping to get it to them (7 points] 5. GreenGroup returned 1 unit [5 points] 6. GreenGroup paid and you gave them a 10% discount [4 points] Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1. You purchase $100,000 of merchandise [1,000 units] on account from Techpower according to the terms 3/10, n/30. You plan on selling for a 70% markup in price. You had to pay $2,000 in freight & carry (shipping) to get the goods. [3 points] 2. You had to return 3 units and received an allowance [3 points] 3. You paid Techpower. [4 points] 4. You sold 2 units on account to GreenGroup and paid $100 shipping to get it to them (7 points] 5. GreenGroup returned 1 unit [5 points] 6. GreenGroup paid and you gave them a 10% discount [4 points] Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1. You purchase $100,000 of merchandise [1,000 units] on account from Techpower according to the terms 3/10, n/30. You plan on selling for a 70% markup in price. You had to pay $2,000 in freight & carry (shipping) to get the goods. [3 points] 2. You had to return 3 units and received an allowance [3 points] 3. You paid Techpower. [4 points] 4. You sold 2 units on account to GreenGroup and paid $100 shipping to get it to them (7 points] 5. GreenGroup returned 1 unit [5 points] 6. GreenGroup paid and you gave them a 10% discount [4 points] Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1. You purchase $100,000 of merchandise [1,000 units] on account from Techpower according to the terms 3/10, n/30. You plan on selling for a 70% markup in price. You had to pay $2,000 in freight & carry (shipping) to get the goods. [3 points] 2. You had to return 3 units and received an allowance [3 points] 3. You paid Techpower. [4 points] 4. You sold 2 units on account to GreenGroup and paid $100 shipping to get it to them (7 points] 5. GreenGroup returned 1 unit [5 points] 6. GreenGroup paid and you gave them a 10% discount [4 points] Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1. You purchase $100,000 of merchandise [1,000 units] on account from Techpower according to the terms 3/10, n/30. You plan on selling for a 70% markup in price. You had to pay $2,000 in freight & carry (shipping) to get the goods. [3 points] 2. You had to return 3 units and received an allowance [3 points] 3. You paid Techpower. [4 points] 4. You sold 2 units on account to GreenGroup and paid $100 shipping to get it to them (7 points] 5. GreenGroup returned 1 unit [5 points] 6. GreenGroup paid and you gave them a 10% discount [4 points] Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1. You purchase $100,000 of merchandise [1,000 units] on account from Techpower according to the terms 3/10, n/30. You plan on selling for a 70% markup in price. You had to pay $2,000 in freight & carry (shipping) to get the goods. [3 points] 2. You had to return 3 units and received an allowance [3 points] 3. You paid Techpower. [4 points] 4. You sold 2 units on account to GreenGroup and paid $100 shipping to get it to them (7 points] 5. GreenGroup returned 1 unit [5 points] 6. GreenGroup paid and you gave them a 10% discount [4 points] Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1. You purchase $100,000 of merchandise [1,000 units] on account from Techpower according to the terms 3/10, n/30. You plan on selling for a 70% markup in price. You had to pay $2,000 in freight & carry (shipping) to get the goods. [3 points] 2. You had to return 3 units and received an allowance [3 points] 3. You paid Techpower. [4 points] 4. You sold 2 units on account to GreenGroup and paid $100 shipping to get it to them (7 points] 5. GreenGroup returned 1 unit [5 points] 6. GreenGroup paid and you gave them a 10% discount [4 points] Complete the following transactions assuming for month of August ASSUME 13% HST for necessary transactions 1. You purchase $100,000 of merchandise [1,000 units] on account from Techpower according to the terms 3/10, n/30. You plan on selling for a 70% markup in price. You had to pay $2,000 in freight & carry (shipping) to get the goods. [3 points] 2. You had to return 3 units and received an allowance [3 points] 3. You paid Techpower. [4 points] 4. You sold 2 units on account to GreenGroup and paid $100 shipping to get it to them (7 points] 5. GreenGroup returned 1 unit [5 points] 6. GreenGroup paid and you gave them a 10% discount [4 points]

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Given Solution Journal Entries in the books 1 Purchases Ac Dr 100000 HST Tax Ac Dr 13... View the full answer