Record the following of Ang Het Sales for the month of May under the Periodic and Perpetual Inventory System. Assume that terms for all purchases are 2/20, n/30 and terms for all sales are 1/15, n/30

May 5 Cash sales, P210,000.00. (Cost - P168,000.00) 6 Purchased P 550,000.00 merchandise from Hoo Enterprise on account. 8 Sold P30,000.00 goods to Lucky Trading. (Cost - P24,000.00) 11 Purchased P150,000.00 merchandise from Vee Cut Sales. 15 Cash purchases, P221,000.00. 17 Received P3,000.00 returns of defective merchandise from Lucky Trading. (Cost - P2,400.00) 19 Returned P50,000.00 defective goods to Hoo Enterprise. 22 Lucky Trading settled its account in full. 25 Paid Hoo Enterprises in full. 30 Settled account with Vee Cut Sales in full