Journalize the transactions below:

On June 16, 2014, ABC sold merchandise to XYZ with a list price of P10,000, trade discount 20% and 25%, 2/10, n/30. They were received by XYZ on the same date. Freight charges were P600.

Under each of the following independent situations, prepare all relevant journal entries on the books of (a) ABC and (b) XYZ:

a. FOB Shipping Point, freight collect. XYZ settled his account with ABC in full on June 24.

b. FOB Destination, freight prepaid. XYZ settled his account with ABC in full on June 25.

c. FOB Shipping Point, freight prepaid. XYZ settled his account with ABC in full on June 26.

d. FOB Destination, freight collect. XYZ settled his account with ABC in full on June 24.

e. FOB Shipping Point, freight collect. XYZ settled his account with ABC in full on June 27.

f. FOB Destination, freight collect. XYZ settled his account with ABC in full on June 28.

D 9 12 13 Transactions for the Mariano Lerin Bookstore for March 2014 follows: Mar. 2 Purchased merchandise on credit from Digao Publishers, terms 2/10, n/30, FOB destination, P74,000. 3 Sold merchandise on credit to Detoya Books Shop, terms 1/10,n/30, FOB shipping point, P10,000. 5 Sold merchandise for cash, P7,000. Purchased and received merchandise on credit from Made Easy Bookstore, terms 2/10, 1/30, FOB shipping point, P42,000. 7 Received freight bill from Super Express from shipment received on Mar. 6, P570. Sold merchandise on credit to Recoletos Books, terms 1/10, 1/30, FOB destination, P38,000 10 Purchased merchandise from Digao Publishers, terms 2/10, 1/30, FOB shipping point, P26,500, including freight costs of P500 11 Received freight bill from Super Express for sale on Mar. 9, P291. Paid Digao Publishers for purchase of Mar. 2. Received payment in full for Detoya Books Shop's purchase of Mar. 3. 14 Paid Made Easy Bookstore half the amount owed on the Mar. 6 purchase. A discount is allowed on partial payment. 15 Returned faulty merchandise worth P3,000 to Digao Publishers for credit against purchase of Mar. 10. 16 Purchased office supplies from Olamit Supplies for P4,780, terms n/10. 17 Received payment from Recoletos Books for half of the purchase of Mar. 9. A discount is allowed on partial payment. 18 Paid Digao Publishers in full for amount owed on purchase of Mar. 10, less return on Mar. 15. 19 Sold merchandise to Sir Ed Trading on credit, terms 2/10, 1/30, FOB shipping point, P7,800. 20 Returned for credit several items of office supplies purchased on Mar. 16, P1,280. 22 Issued a credit memo to Sir Ed Trading for returned merchandise, P1,800, 25 Paid for purchase of Mar. 16, less returns on Mar. 20. 26 Paid freight company for freight charges for Mar. 7 and 11. 27 Received payment of amount owed by Sir Ed Trading for purchase of Mar. 19, less credits of Mar. 22. 28 Paid Made Easy Bookstore for the balance on the Mar. 6 purchase. 31 Sold merchandise for cash, P9,730 D 9 12 13 Transactions for the Mariano Lerin Bookstore for March 2014 follows: Mar. 2 Purchased merchandise on credit from Digao Publishers, terms 2/10, n/30, FOB destination, P74,000. 3 Sold merchandise on credit to Detoya Books Shop, terms 1/10,n/30, FOB shipping point, P10,000. 5 Sold merchandise for cash, P7,000. Purchased and received merchandise on credit from Made Easy Bookstore, terms 2/10, 1/30, FOB shipping point, P42,000. 7 Received freight bill from Super Express from shipment received on Mar. 6, P570. Sold merchandise on credit to Recoletos Books, terms 1/10, 1/30, FOB destination, P38,000 10 Purchased merchandise from Digao Publishers, terms 2/10, 1/30, FOB shipping point, P26,500, including freight costs of P500 11 Received freight bill from Super Express for sale on Mar. 9, P291. Paid Digao Publishers for purchase of Mar. 2. Received payment in full for Detoya Books Shop's purchase of Mar. 3. 14 Paid Made Easy Bookstore half the amount owed on the Mar. 6 purchase. A discount is allowed on partial payment. 15 Returned faulty merchandise worth P3,000 to Digao Publishers for credit against purchase of Mar. 10. 16 Purchased office supplies from Olamit Supplies for P4,780, terms n/10. 17 Received payment from Recoletos Books for half of the purchase of Mar. 9. A discount is allowed on partial payment. 18 Paid Digao Publishers in full for amount owed on purchase of Mar. 10, less return on Mar. 15. 19 Sold merchandise to Sir Ed Trading on credit, terms 2/10, 1/30, FOB shipping point, P7,800. 20 Returned for credit several items of office supplies purchased on Mar. 16, P1,280. 22 Issued a credit memo to Sir Ed Trading for returned merchandise, P1,800, 25 Paid for purchase of Mar. 16, less returns on Mar. 20. 26 Paid freight company for freight charges for Mar. 7 and 11. 27 Received payment of amount owed by Sir Ed Trading for purchase of Mar. 19, less credits of Mar. 22. 28 Paid Made Easy Bookstore for the balance on the Mar. 6 purchase. 31 Sold merchandise for cash, P9,730