Reference no: EM133175978

Question - The following are the purchase transactions for the Bittersweet Company for the month of October 2020, Merchandise purchases on account has a 2/ 1 0, n/30.

Oct. 1- Purchase merchandise on account from Apple supply Co. P60,000.

Oct. 2 - Issued check in payment of account to Apple Supply Co.

Oct. 3 - Purchase merchandise on account to Pear Co. for P68,000.

Oct. 8 - Paid freight charges on the merchandise purchased from Pear Co. P3,000.

Oct. 9 - Returned P6,000 of merchandise purchased from Pear Co.

Oct. 10 - Issued check in payment to account to Pear Co.

Oct. 15 - Issued check for payment of salaries P122,200.

Oct. 16 - Purchase merchandise for cash P26,000. Issued Check.

Oct. 17 - Purchased merchandise on account from Peach Bookstore P55,000.

Oct. 21- Paid insurance premiums P4,600. Issued check.

Oct. 22 - Bittersweet withdrew P50,000 from the business.

Oct. 25 - Purchased merchandise from Verdict Pascal P68,000 on account.

Oct. 28 - Paid Peach Bookstore. Issued Check.

Oct. 30 - Returned P5,000 of merchandise purchased on Oct.

Required -

1. Record the transactions in purchase journal, cash payment journal and General journal.

2. Total the Purchase and Cash payment Journal.