Journalize the following transactions of ABC General Merchandising;

2018

July 6- Purchased merchandise from DEF, P15,000. Terms: 50% down and the balance

2/10, n/30.

7- Purchased a typewriter from GHI for office use, P 7,500. Term: 2/10, n/30.

7- Paid for the delivery of the typewriter, P200.

7- Returned defective goods to DEF, P1,000.

8- Purchased merchandise from JKL, P25,000 less 10% trade discount. Term:

2/10, n/30. FOB destination.

8- Cash sales, P12,000.

9- Paid for the delivery of the above purchase, P200.

10-Sold merchandise to MNO, P10,000. Terms: 10-day note.

12- Issued a check to GHI in full payment of the account with them.

13- Sold merchandise to PQR, P30,000. Terms: 2/10, 1/15, n/30. FOB Shipping

point.

14- Paid the delivery of the above goods sold, P300.

15- Received defective goods from PQR, P 3,000.

15- Purchased store supplies for cash, P1,500.

18- Settled the account with DEF.

18- Cash purchases, P5,000.

18- Collected the account of PQR.

20- Collected the note in July 10 plus 20 interest.

31- Issued a 30-day note in settlement of the account to JKL on July 8.