Q#2 A few transactions of ABC Company is given below. ABC Company sells in large quantities to other companies and also sells its products in a small retail outlet. 01 July-Sold merchandised products on credit to PPL Company for Rs. 7,000, terms 4/10, 1/30 07 July - PPL Company returned merchandised items amounting to Rs. 300 to ABC Company 10 July - ABC Company collected amount due from GCL Company from 10 May. Required: Prepare Journal entries of above three transactions