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SO 51 E 8-7 B 52 B. Goods costing P20,832, are purchsed on account on Feb 15, 2012 with credit terms of 2/10./30. On feb

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SO 51 E 8-7 B 52 B. Goods costing P20,832, are purchsed on account on Feb 15, 2012 with credit terms of 2/10./30. On feb 18, a P1.232 credit memo is received from the supplier for damaged goods 53 P 15-Feb Step 1 54 55 PR&A 18 Feb Step 2 56 57-PD within the discount pd. Step 4 SR 59 Bal 60 61 Freight in Step 3 62 Net Purchases

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