Transactions of Tagbilaran Hardware and auto Supply for the month of July 20A follows:

Post the following into a jounal. What is the debit and credit of this transaction?

July 1 Bought merchandise for cash from A. Calaguian Enterprise, P50,000.

July 3 Returned P6,000 cost of merchandise to A. Calaguian Enterprise for not conforming with the order.

July 4 Bought merchandise on account costing P20,000 from B. Lanang Co. Term: 2/10. N/30.

July 6 Returned P2,000 cost of merchandise to B. Laranang Co.

July 7 Paid the account with B. LaranangCo., net of purchase returns returns and 2% purchase discounts.

July 8 Sold merchandise for cash to K. Guiamad Trading, P35,000.

July 9 Received P2,000 cost of merchandise returned from K. Guiamad Trading.

July 10 Sold merchandise on account to L. Aana. P20,000. Term: 3/10, N/30.

July 11 Received P3,000 cost of merchandise returned from L. Aana Co.

July 12 Collected the account of L. Aana Co. net of sales returns and 3% sales discounts

July 13 Bought merchandise for cash from V. Orbesido Co., P30,000.

July 14 Return cost of merchandise from V. Orbesido, P2,000.

July 15 Bought merchandise on account from D. Javier Enterprise, P35,000; Term: 10% if paid within 5 days.

July 16 Return of P2,500 cost of merchandise from D. Javier Enterprise.

July 17 Paid the account with D. Javier Enterprise after deducting the purchase returns and availed a 10% purchase discount.

July 18 Additional cash investment of C. Tabaranza, the owner, P300,000.

July 19 Cash withdrawal by C. Tabaranza for her personal use, P50,000.

July 20 Paid salaries for the month, P20,000.