Give the journal entries:

21. On Dec. 31, 2019, a customer purchased P100,000 merchandise, 2/10, n/30. On Dec. 31, 2019, it is

expected that the customer will pay within 10 days. Give the adjusting entry on Dec. 31, 2019.

22. Refer to no. 21. Give the journal entry upon payment of the customer within the 10-day discount period.

23. A customer purchases P1,000,000 merchandise, 2/10, n/30. The P20,000 freight related to the purchase is

paid by the customer. Give the journal entry to record the sale assuming the term of the sale is FOB Shipping

Point.

24. Refer to no. 23. Give the journal entry to record the collection within the discount period.

25. Refer to no. 23. Give the journal entry to record the sale assuming the term of the sale is FOB Destination.

26. Continuation of no. 25. Give the journal entry to record the collection within the discount period.