Net Method

Record the following transactions for Pabhebhe Company. The company uses the net method of accounting for sales discounts On June 1, the company sold merchandise on account to Patuti Company for P 45.000, terms: 2/10./30. Account Debited Amount Account Credited _Amount On June 6, the company issued crit memoto Patuti Company for merchandise returned with an invoice amount of P5.000 Account Debited Amount Account Credited Amount On June 12, the customer paid the accounts in full _Account Debited Amount _Account Credited Amount