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SEND HELP PLEASEEE Trader. Company had the following selected transactions during the month of October, 2018, 2018 Oct. 5 Sold goods to BDC Store with
SEND HELP PLEASEEE
Trader. Company had the following selected transactions during the month of October, 2018, 2018 Oct. 5 Sold goods to BDC Store with a list price of P 100,000. Terms: 6%,2/15, n/450. Trade Company estimated that 60% of the cash discount will be taken by BDC 19 BDC Store paid 50% of their account: 22 Write off worthless account amounting to P15,000. The company uses allowance method. 25 Collected the balance of the account of BDC Store. 28 Recovered accounts written -off last year amounting to P10,000. 30 Sold goods to PRO Company for P50,000 Terms 2/15, n/30. FOB destination. The goods were shipped on October 30, 2018 and received by PRO Company on November 3, 2018. Trade Company estimated that 60% of the cash discount will be taken by PRO Company REQUIRED: Prepare the necessary journal entries for the month of October 2018
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