Journalize Appleton Electronics Company transactions

Reference no: EM132704520

Question - Sales Taxes Payable

Appleton Electronics Company purchases merchandise inventory from several suppliers. On October 1, 2020, Appleton Electronics purchased from Digital Wiring $40,000 of inventory on account. On November 10, 2020, Appleton Electronics sold inventory to Disco Sound Company for $16,000 cash, which included $10,000 COGS for the inventory. On December 15, 2020 Appleton Electronics remitted the applicable PST and GST.

Required - Journalize Appleton Electronics Company transactions on October 1, 2020, November 10, 2020 and December 15, 2020, including PST and GST assuming it is located in Saskatchewan.

Reference no: EM132704520

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