Question 62 2 pts In the seller's books, the journal entry to record a credit sale of merchandise costing P10,000 but with invoice price of P25,000 involves O A debit to Accounts Receivable for P25,000 O A debit to Accounts Receivable for P10,000 O A credit to Sales Revenue for P15,000 O A credit to Sales Revenue for P35,000 Question 61 2 pts The following were extracted from the company's adjusted trial balance as of year-end: Freight-out: P5,000 Sales Discount: P130,000 Sales Returns and Allowances: P120,000 Sales Salaries: P100,000 Sales: P1,650,000 . How much was the company's net sales to be reflected in the functional- form income statement for the year just ended? O P1,400,000 O P1,305,000 O P1,295,000 O P1,300,000