PROBLEMS 3760 The following are the purchases and salio transactions of Quality Traders for the month of June. Assume that the invoice wire is still exclusive of 12% value-added tax. june 2 - Bought merchandise from Hansen Company P 8,500 as per Invoice No. 1167 terms 2/10, n/30. 3 - Sold goods to Ligaya Mamarij p 13,800 as per Sales Invoice No, 466. Terms n/45. 6 - Bought goods from Balatao Trading, with a list price of P 6,000 terms COD with trade discount of 10%. as per Invoice No. 6543 9 - Cash sales, P 11,360 Sales Invoice No. 467. 11 - Issued a 30-day 6% note to Litton Company for merchandise bought, P 9,000 as per Invoice No. 1212 15 - Received a 45-day promissory note for goods sold to Cirilo Cruz, P 16,240 as per Sales Invoice No. 1021. 18 - Bought goods from Recto Store, P 16,000 terms 50% down and the balance on terms n/60. 20 - Sold goods to Luningning Cortez, P 8,000 terms 10% down, and the balance terms, 3/10, n/20. Invoice No. 1022. 25 - Purchases of tables P 18,700 as per Invoice No. 77867, terms n/60. 30 - Sold merchandise to Joan Cruz, with a list price of P 4,000 terms COD with trade discount of 6% as per Sales Invoice No. 468. Note: Round off computations to the nearest peso