Great Green Landscaping Sells Lawn Maintenance Equipment

question 4

Essay

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.

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Definitions:

Carl Rogers

An influential American psychologist known for his role in developing the humanistic approach to psychology.

Dependent Relationship

A type of relationship where one variable is influenced or determined by another variable.

Potential

An individual's or object's capacity to develop, achieve, or succeed in the future, often unrealized but possible.

Stage Drama

A form of theatrical performance where actors portray characters in a story through actions, dialogues, and movements on a stage in front of an audience.