Thank you! This would really help a lot. :>

Mr. William Camino and Windy Balda started a partnership business to organize a merchandising firm. The firm sold the remaining merchandise inventories that was purchased last December 6 at Php. 60,000, 1/10, n/15, FOB shipping point, freight collect, Php. 1,000. USE PERIODIC METHOD 15 The firm collected payments from the sold merchandise inventories last December 9 and 13. 1. Journalize the transactions below 2. Provide the net purchase 3. Provide net sales per period The firm paid half of the employees' salary. 16 The firm paid the purchases last December 6. 2019 Transactions Dec. Mr. Camino and Balda started their business by investing Php. 250, 000 each. Each of the partners agreed to share 17 | The firm sold half of purchased goods last December 13 at Php. 90,000, 2/10, n/30, FOB Destination, freight collect, Php. 3,000. The cost of goods sold is based on the invoice price. equally profits and losses. They hired three employees and each of them receives Php. 15,000 as monthly salary and Php. 3,000 as monthly The firm returned goods worth Php. 5,000 from the purchase made last December 13. benefits. The employees receive halves of their salary every 15th and 30th while the benefits are paid every end of the month. 18 The firm sold the remaining merchandise inventories for Php. 70,000, 2/10, n/30, FOB destination, Freight collect, Php. 2,000.00 Borrowed 3-year long-term loan amounting to P100,000 in the name of the business with an interest rate per year of 10%. 23 The firm paid the owed merchandise inventories last December 13. Paid rental fee in advance for three months, 60,000. 24 The customer returned defective goods Php. 5,000 that were bought last December 17. Cost of returned goods is Php. 2,800.00 2 Purchased office equipment for P100,000, down of P50,000 and issued note for the remaining. The office equipment have a useful life of five (5) years with no salvage value. 28 The firm collected payments from the sold merchandise inventory last December 17 and 18. 3 Purchased office supplies for P10,000 cash. 31 The firm paid the salaries and benefits of the employees. 6 Purchased merchandise inventories Php. 50,000, 2/10, n/30, FOB destination, freight prepaid, Php. 2,000.00. 31 Each of the partners withdrawn Php. 15,000 for personal use. 9 The firm sold half of the purchased goods at Php. 60,000.00, 1/10, n/15, FOB destination, freight prepaid, Php. 1,000.00. The cost of goods sold is based on the invoice price. 13 The firm purchased merchandise inventories, Php. 100,000, 2/10, n/60, FOB shipping point, freight collect, Php. 4,000.00. End of document