Maria open a store which will sell school and office supplies. ON June 11 Maria Merchandising started its operations. Below are her business transactions: DATE Transactions June 11 Purchased from A merchandise on cash basis, P10,000. 11 Paid freight on merchandise purchased from A, P800. 12 Purchased from B merchandise worth P15,000 on terms 2/10, n/30. 13 Purchased from C merchandise worth P20,000 on terms 50% down, balance 2/10, n/30 (CV #008) 14 Returned P500 worth of merchandise purchased from A (OR #004) 15 16 Returned P1,000 worth of merchandise purchased from B. Returned P1,500 worth of merchandise purchased from C. Paid P2,000 in partial payment of account with C (CV#010) Paid in full account B with (CV#012) 17 22 30 Paid in full account with C (CV#013) Required: Do the step 1-4 of the accounting cycle of a merchandising business. Don't forget to write the effects to Assets, Liabilities and Owners Equity.