On September 15, Bell Accessories purchases P100,000 worth of merchandise worth of damage goods were returned to Clang Supplies. Full payment was from Clang Supplies on account, terms 2/10, n/30. On September 15, P10,000 made on September 25. Give the necessary journal entries under the periodic DRILL 2 inventory system. DRILL 3 Jaden Sales Company engaged in the following transactions for the month of September using the periodic inventory method. Sept. 1 Purchased goods from Mc Trading. Terms: 10-10, 1/20 EOM, P 200,000 Returned 40 % defective goods 11 Cash sales, P92,000 (cost, P55,000) 14 Purchased goods from Jamie Enterprises worth P51,000. A trade discount of P10,000 was granted. Terms 3/15 n/30 15 Paid P6,000 freight on goods purchased (192) The 17 Sold goods to Bret Trading on credit. Terms of 2/10 n/30, P200,000 (cost, P118,000) 18 Received returned goods from September 17 sale, P80,000 (cost, P-48,000) Paid Mc Trading Enterprises in full 27 Received cash in full settlement of the account from Bret Trading 28 Full settlement of account from the purchase of Sept 1 Cash purchases, P90,000, less trade discount of P5,000 02291 29 om