Triton Company is a retailer operating in the province of Manitoba, where the PST rate is 8%. Triton uses a periodic inventory system. Transactions for the business are shown below:

Nov. 1 Paid November store rent to the landlord. The lease calls for monthly payments of $5,500 plus 5% GST.

4 Purchased merchandise for resale on account from Comet Industries. The merchandise cost $8,000 plus applicable tax.

6 Returned 5500 of merchandise to Comet Industries.

7 Sold merchandise on account to Solar Star Company for $10,000 plus applicable sales taxes, terms, n/30, MP shipping point. The merchandise was shipped to Solar Star. The cost of the merchandise to Triton was 56,000.

12 Purchased a new laptop computer at Staples for the marketing manager. The price of the laptop was $1,200 before applicable taxes.

30 Paid the quarterly remittance of GST to the Receiver General. The balances in the accounts were as follows: GST Payable 52.520 and GST Recoverable 5985.

Instructions

Prepare the journal entries to record these transactions on the books of Triton Company.