15. Max Santos, distributor of imported magazines, engaged in the following selected transactions for June. 1 Cash sales amounted to P17,500 3Sold to Rolling Bookstore magazines costing P19,000. Terms: P9,000. Down, balance 2/5,1/10, n/30 5Delivered magazines to St. Benilde, P14,000. Terms; COD. FOB Destination, the appropriate party paid for freight, P2,300 7A cash customer returned some magazines which were not in their purchase order and was given a cash credit for P1,250 13Rolling Bookstore paid its account, P5,000 15Brenda, a regular customer, bought goods worth PB,500 for her bookstore. Freight of P1,500 was prepaid under the term FOB Destination. 2/5, 1/10, n/30. 18Shepherd Voice Publishing House bought books worth P6,000. Terms: P2,000 down balance 2/10, n/30, FOB shipping point. Freight collect P300 25Collected the account of Brenda, P5,000 27 collected the balance from Rolling bookstore Required: a. Journalize the above transactions. Assume that the company is VAT exempt June 1 Cash 17,500 Sales 17,500 June 3 Cash 9,000 AR 10,000 Sales 19,000 June 5 Cash 11,700 Freight out 2,300 Sales 14,000 OR Cash 14,000 Sales 14,000 Freight out 2,300 Cash 2,300