II. Lemon Company allows customers to make purchases on credit. The terms of all credit sales are 2/10,n30, and all sales are recorded at the gross price. Other customers can use a bank credit card where the bank deducts a 4% service charge for credit card sales and credits the bank account of Lemon immediately when credit card receipts are deposited. White uses the perpetual inventory method. June 4 Sold Php12.000 of merchandise (cost Php 7,000) on credit to Grant Inc.. Sold Php17,000 of merchandise (cost Php 9,350) to Libby Corp. who used a bank credit card, receipts were processed and deposited the same 6 day. Sold Php8.500 of merchandise (cost Php 4,500) on credit to Emma 8 Company. Accepted a Php 50,000, 45-day, 6% note dated this day in granting Cory 10 Tam a time extension on his past-due account receivable. 12 Received Grant's check in full payment of the purchase on June 4. Wrote off the account of Z. Westmore against the Allowance for Doubtful Accounts. The Php 1,580 balance stemmed from a credit sale in 15 January. Accepted a Php 75,000, 30-day, 10% note dates this day in granting F. 20 Potter a time extension on his past-due account receivable. July 17 Received the amount previously written-off from Z. Westmore. 20 F. Potter dishonored his note when presented for payment. 25 Received payment of principal plus interest from Cory Tam. Prepare journal entries to record the above selected transactions and events