Question: Hello. I need help with solving this, step by step explanation please. Thank you. Prepare the journal entries for Passport Merchandising, assuming that Passport Merchandising

Hello. I need help with solving this, step by step explanation please. Thank you.

Prepare the journal entries for Passport Merchandising, assuming that Passport Merchandising uses a perpetual invertory system at the rate of 5 percent. Explanations are not required Click the icon to view the transac wsport Merchanding charge To w n of GST Prepare the journal entries for Passport Merchandising May 8. Purchased inventory, on account, FOB destination from Segain Wholesale $2.000 plus applicable GST (Record debits first, then credit Enclude explanations from journal entries Round your answers to the man dollar) whole General Journal Data Table Date Accounts May Who GST & Purchased toon on FOB d o o Se 2.000 plus applicable GST 10 Reumed lective marchandise to Seguin 500 plus appe Send you to $3.000 Cost of the merchandise 28 Colected balance on account from Daryo 30 Padbalance on account to begun ST May 10. Returned defective merchandise to figuin, 5300 plus applicable OST (Round your answer General Date Accounts to and then continue to the next

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