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Journalize the following transactions Mr. Jack Kita started his grocery business on January 2. 2p17. The following are the transactions for the month of January

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Mr. Jack Kita started his grocery business on January 2. 2p17. The following are the transactions for the month of January 2017. 2Mr. Kita investments to his business-Kita Kita Grocery a total cash of P800, 000 3 Bought merchandise on account from Banana CompanyP100, 000 FOB Shipping Point, Terms 3/10, n/30. Paid freight charges of P5 000 the goods were shipped today Returned merchandise costing P5 000 to Banana Company 4 5 Bought Vehide for cash, P240 000. The vehicle will have a useful life of 5 years and a full months depreciation is provided in the month of acquisition. 6 Bought merchandise for cash P50 000 and received 2% trade discount. Paid freight of P4 000 Sold merchandise for cash P80 000 and gave 2% trade discount. Paid freight of P1 200 Bought merchandise on account from Puso Company P150 000, FOB Destination, Terms 2/15, n/30. The merchandise arrived on January 12, 2017 Sold merchandise on account to Kampana Company P200 000 FOB Shipping Point, Terms 2/10, n/30. Goods were shipped today Received P10 000 worth of merchandise returned by Kampana Company due to wrong specifications Paid in full the account to Banana Company for purchases on January 3 10 12 20 Collected in full the account of Kampana Company 21 Paid in full the account to Puso Company representing purchase on January 10

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