\fFU NABMZ: Performance Task #2 Term 1, AV 2022-2023 Joumallzing Merchandising Transactions (VAT) 2021 Oct. 01 03 06 09 10 12 13 15 20 21 26 2? 2? 2B 29 30 REQUIRED: Jack Bravo. the owner of JB Merchandising. invested the following into the business: cash of P 600.000; merchandise worth P 80.000; and store furniture and xtures with fair market value of P 90,000. Sold merchandise to A Companyr worth P 50.000 plus VAT. on terms 20% down, balance. 1i10. m30. Purchased store supplies from Red Company worth P 17,020 inclusive of VAT. COD. Paid freight for merchandise sold to A Company, P 1,400. Purchased merchandise from Brown Trading for P 78.400 inclusive of VAT. on terms 50% down, 2JEOM nr'50. Paid freight for merchandise purchased from Brown Trading. P 2.200. Returned damaged merchandise worth P 2.800 inclusive of VAT to Brown Trading. Collected in full the account of A Company. Paid half of the balance due to Brown Trading. Purchased merchandise from Blue Corp. worth P 42,000 inclusive of VAT in exchange of a 8% 30-dayr note. Paid freight for the merchandise bought on October 21, P 1,080. Sold merchandise to B Store. P 60.000 less 20. plus VAT, on terms 1i10, nr'30. Paid freight for merchandise sold on October 26. P 2,000. Received a debit memo from B Store for defective merchandise worth P 3,500 inclusive of VAT. Paid wages for the month. P 41,700. Paid rent for the month of October, P 18.000. Paid the remaining balance due to Brown Trading. Journal ize the transactions of JB Merchandising for the month of October 2021