in 6. Dominic, a footwear store, a VAT exempt company, engaged in the following selected transactions during the month of August: 3 Purchased merchandise from Valley Shoes P15,000. Terms 2/10, n/60. Invoice No. 670. FOB Shipping Point. 5 Purchased office supplies from National Bookstore P300. Terms: cash. Voucher No. 34. 7 Purchased merchandise from Marikina Shoe Store P7,500. Terms: 2/10, n/30. Invoice No. 1002. 10 Paid for freight P1,500 for goods bought from Valley Shoes. Voucher no. 35. 12 Purchased equipment for cash from Torres Equipment. Invoice price of P9,000 included freight of P500 under the term FOB Shipping Point. Voucher No. 36 14 Paid Marikina Shoe Store P5,000 of the amount due. Voucher No. 37. 16 Paid for salaries P7,500 less withholding taxes of P375. Voucher No. 38. 21 Returned defective merchandise to Valley Shoes and received Credit Memo No. 28 for P1.600. 28 Purchased merchandise from Bulacan Footwear P12,500. Terms: 2/10, n/30. Invoice No.490. 30 Paid the outstanding balance due to Valley Shoes. Paid for salaries and wages less withholding tax, 3% SS, 1.5% Philhealth, and 2% Pag- ibig. Required: a. Journalize the transactions in the purchases journal, cash disbursements journal and general journal . Cash or credit purchases are all recorded in the purchases journal. b. Post the accounts payable to the subsidiary ledgers. c Post the accounts payable to the general ledger. Determine the balance and reconcile this with the balances in the subsidiary ledgers