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Some of the sales transactions of Jefferson Triguero Distributors whose credit terms are 2/10, n/30 follow: June 1 4 7 10 Cash sales, P180,000.

Some of the sales transactions of Jefferson Triguero Distributors whose credit terms are 2/10, n/30 follow: June 1 4 7 10 Cash sales, P180,000. Sales on account, P650,000. Received returned merchandise sold on account, P90,000. Collected the amount due from credit sales. Required: Prepare the journal entries.

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