Record the transactions for january

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Problem

Phone Retailer operates in a province where HST 13% is charged on all goods and services. During January 2023, it had the following transactions. Get the instant assignment help.

Jan 12 Sold inventory to a customer for $2,200 plus HST for cash. The inventory costs $1,210.
Jan 15 Sold inventory to a customer for $6,900 plus HST on account. The inventory costs $2,800.

Record the transactions for January 2023. The company uses a perpetual inventory system.

Reference no: EM133905938

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