?KEEPING LEVEL 2-MERCHANDISING AND ADJU C?SES 7 The following are selected transactions and events related to sales of the ARLENE'S TIQUE AND ACCESSORIES for the months of March and April, 2007 3 Cash sales to Little Baguio Stores, P18,000. Accepted returns made by Little Baguio Stores for which a cash refund of P1.50 W 6 Sold on account to Carmela's Fashion Supplies, P22,500; 3/10, 2/15, n/45 9 Sold on account to Pineda's Jewels and Accessories, P16,000; 2/10, 1/15, n/0 10 Accepted returned merchandise by Carmela's Fashion Supplies, P1.500. Sold on account to Mara Crafts, Co. P15,000, 2/10, n/30 12 Accepted returned merchandise from Mara Crafts, co., P800. 13 Sold on account to St. Anne's Trading, P18,000; 2/10, 1/15, n/30. Granted an allowance to Pineda's Jewels and Accessories, P400 16 Collected the account of Carmela's Fashion Supplies 19 Collected the account of Mara Crafts, Co Collected the account of Pineda's Jewel and Accessories. 26 Sold on account to KIREI'S DES?GNS, P? 4,000, 2/10, EOM, t/30 27 Sold on account to H 28 Granted and allowance to KIREI'S DESIGNS, P500. 29 Collected the account of St. Anne's Trading ouse of Jewels, P20,000; 2/10, 1/15, EOM, Apr. 8 Collected the account of KIREI'S DESIGNS 11 Collected the account of House of Jewels Required: 1. Journalize the selected transactions, and events of the ARLENE'S BOUTIQUE AND ACCESSORIES. The chart of accounts of the business provided for the following accounts among others: Cash Accounts Receivable Sales Sales Returms Sales Allowances Sales Discounts 2 Support your entries with computations in