ef PROBLEMS ctions were completed by Ginoo Company in The following transa December 2019: Dec. 9 Sold merchandise to First Lady Department Store under credit terms of 2/10, n/30. The list price is P!20,000, less 10%, less 5%. 10 Sold merchandise to Men's World, P50,000, 2/10, n/30 19 Collected the account of First Lady Department Store in full. 26 Sold merchandise to Teens' Kingdom, P40,000, 2/10, n/30. The to be account in full on January 9, 2020. REQUIRED: company adopts the calendar year as its reporting perioo. he accounts of Men's World and Teens' Kingdom are considered collectible at December 31. Teens' Kingdom paid its account in full on January 5, 2020, while Men's World paid its dee the Joregoing transactions acounting for sales discounts. Prepare also any approp ze the foregoing transactions using the three methods of ropriate adjusting entry at December 31