Record the purchase on account of $900 of office supplies and $6,000 of merchandise for resale...

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Record the purchase on account of $900 of office supplies and $6,000 of merchandise for resale in the province of Manitoba. The company uses a perpetual inventory system and the purchase of merchandise is PST exempt. The PST rate is 8%. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5,275.75.) Account Titles and Explanation Debit Credit Record the purchase on account of $900 of office supplies and $6,000 of merchandise for resale in the province of Manitoba. The company uses a perpetual inventory system and the purchase of merchandise is PST exempt. The PST rate is 8%. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 5,275.75.) Account Titles and Explanation Debit Credit

Answer rating: 100% (QA)

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