Problem 1 (Buyer's Book) Directions: Journalize the following transactions of Fafa Store. Use a two column journal. July 1, 2016- Bought merchandise from Lala Wholesaler Mart P7,500, including freight, P400. Terms: 1/10,n/25 FOB Shipping point. July 2- Returned P300 worth of merchandise to Lala Wholesaler. July 5 - Purchased goods from Dada Enterprise, P8,500 with P3,000 downpayment and balance on account. July 10-Paid the account to Lala Wholesaler Mart. July 11- Paid freight for the merchandise bought on July 5, P 200. July 15 - Bought merchandise P 6,000. Terms C.O.D