Great Green Landscaping sells lawn maintenance equipment. They use a perpetual inventory system and their operations are located in Manitoba. The Manitoba PST rate is 8%. The following transactions took place in May:
May 6 Purchased 350 trimmers for resale at $ 100 each before taxes from Trim It with terms 2/10, net 30, FOB shipping point.
16 Returned two of the trimmers as they were defective.
22 Picked up $ 250 worth of supplies to be used in the sales office and paid with cash.
31 Purchased two desks to be used in the sales office for $ 450 plus applicable taxes on account.
Instructions
Prepare the journal entries to record these transactions. Do not round amounts.

Question

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The Answer of Great Green Landscaping sells lawn maintenance equipment. They use a perpetual inventory system and their operations are located in Manitoba. The Manitoba PST rate is 8%. The following transactions took place in May:
May 6 Purchased 350 trimmers for resale at $ 100 each before taxes from Trim It with terms 2/10, net 30, FOB shipping point.
16 Returned two of the trimmers as they were defective.
22 Picked up $ 250 worth of supplies to be used in the sales office and paid with cash.
31 Purchased two desks to be used in the sales office for $ 450 plus applicable taxes on account.
Instructions
Prepare the journal entries to record these transactions. Do not round amounts.

Great Green Landscaping Sells Lawn Maintenance Equipment