Journalize the foregoing transaction:

July 4Ford mustang hired Ms. ZUZUKI as a cashier to handle all cash and other related transaction pertaining to collections and bank matters, with a salary of P18,000 per month.

The treasurer reimbursed the cost of business permit and other licenses for Fordcorporation..,P2,500.Zuzukiprepare and issued check No.51 in payment of the said expenditures.

July 5Issued check no.52 to ES-EM P15,000 for the rent for three months startingjuly. 2018. Ford used expense method for all relate transactions.

................Purchased office supplies from Carson Co. On account, P7,500

................Purchased from ASER Co. Office equipment with a trade discount of 10% and cash discount for 2/5, n/15 term. List price P20,000.

................Purchased store supplies from Evans Co., P425 and issued check no. 53.

................Purchased merchandise fromferrarimodel, P27,500. 10/15,eom.

................Sold merchandise to RUBEN SO Co., Invoice No. 001, P14,900 cash.

July 6Sold merchandise toPuringGot, Invoice No. 002, P4,500 fob shipping point 2/10, n/15.

July 7Issued check No. 54 to Carson Co. In payment ofjune4 invoice.

July 8Purchase from EASY TAN, store equipment on credit, P5,000.

July 10Received payment fromPuringGot.

...............Sold merchandise to Lamborghini, P30,000 5/5, n/15.

...............Cash sales, P20,000

July 12Purchased merchandise from HUNDA TOYS, P17,700 5/15, n/30.

................Sold merchandise on wholesale, list price P20,000 trade discount 10% and 5% and received a cash payment.

July 13Sold merchandise to MercedesHobies, P15,000 on account.

..................Issued check No. 55 for transportation expenses. P2,000

July 14Zuzukicollected the account oflamborghiniin full.

.................Sold totoyotamotors P10,000 worth of merchandise for cash.

July 15Salaries for the period July 1 to 15, 2018, issued check no. 57 for P16,000.

.................Received PSDT telephone bill, P1,500 for the month of July.

.................Sold merchandise to MAZDA SPEED and received a 60days 6% promissory note for the total selling price of P20,000.

July 16Issued check no. 58 in payment of 50% of account to EASY TAN. Issued check no. 59 to contractors for the repair of the store, P5,000. Received water bill from NAWASAK, P1,000

July 18BMW received the goods in good condition and paid the freight cost amounting to P1,200.

.................Received electric bill from KURYENTE CO. P3,000.

.................Sold merchandise for cash, P7,000.

.................Issued check no. 60 toferrariin full payment of the account.

July 20Purchase merchandise from Porsche Limited worth P23,000 fob shipping point freight prepaid. The cost of the freight was P2,000. Ford corporation issued a 60days 3% promissory note for the total account.

...............Cash sales P8,000

July 22Received 60% partial payment fromMercedez,

................Cash sales, P2,000

...............Sold to CAMARO ROCK P14,000 worth of merchandise, term 2/10, n/30

July 25Zuzukiissued the following checks in payment of Ford corporation.

Obligation:

.................Check No. 61 for NAWASAK.

.................Check No. 62 for PSDT.

.................Check No. 63 for KURYENTE.

.................Sold to Lamborghini P20,000 term 3/15, n.30.

July 27Issued check no. 64 in full payment ofHundaaccount.

July 28Zuzukicollected the account of BMW in full.

July 29Issued check No. 65 toFerdzfor personal use, P5,000.

................CAMARO returned P2,000 worth of defective merchandise.

July 30Issued check No. 66 for salaries P19,000.