Record the transactions below in the sales journal. Make your own sales journal sheets. The following are the credit sales transactions of Lolly Co. for the month of January: Jan 5 6 11 12 14 TASK 5 Lolly Co. sold merchandise on credit to Twinbee Enterprise, P32,000 exclusive of 12% VAT, Terms: 1/15,n/30 Merchandise was sold on credit to Luke Merchants, P16,000 exclusive of 12% VAT, Terms 2/10, n/30. Merchandise was sold on credit to Ronald Shop, P10,000 exclusive of 12% VAT,Terms: 3/15, n/30. Lolly Co. sold merchandise on account to MA Merchants, P15,000 exclusive of 12% VAT, Terms: 2/10,n/30. Lolly Co., sold merchandise on account to AA Trading, P60,000 exclusive of 12% VAT, Terms: 2/15, n/30. Record the transactions in the purchase journal. Prepare your own purchase journal sheets. The following are the credit purchase transactions of Lolly Co. for the month of January: Jan 4. Lolly Co. purchased merchandise on account from Noble Yum Shop, P14,000 exclusive of 12% VAT, Terms: 2/10, n/30. 6 Merchandise was purchased on account from Burger Merchants, P18,000 exclusive of 12% VAT, Terms: 1/15, n/30. VAT, 10 13 P70,000 Purchases were made from Litch Neo Co., P90,000 exclusive of 12% Terms: 3/10, n/30. Lolly Co. purchased merchandise on credit from Kings Burger Co., exclusive of 12% VAT, Terms: 1/15, n/30. 17 Lolly Co., sold merchandise on account to Dolly Trading, P60,000 exclusive of 12% VAT, Terms: 2/15, n/30 Record the transactions in the Cash Receipts Book. Prepare your own Cash Receipts Book. The following are additional transactions of Lolly C. for the month of January: Jan 4 Lolly made and additional cash investment of P250,000. 13 24 27 30 Lolly Co. sold merchandise for cash exclusive of 12% VAT, P190,000. Lolly Co. collected P15,000 from Ronald Shop. Proceeds of loan from PNB Bank amount to P500,000 AA Trading's account is settled in full. TASK 7 Record the transactions in the Cash Payments Book. The following are additional transactions of Lolly Co. for the month of January: Jan 20 22 24 31 31 Account with Litch Neo Co., was settled in full. check no.00022 Merchandise was purchased for cash, P336,000 inclusive on 12% VAT. Lolly Co. settled account with Dolly Trading in full. Check no.00028. Lolly withdrew P 45,000 for personal use. Lolly Co. made partial payment of loan to PNB Bank, P300,000. Check no.00029