Question: Hello! Can you explain step by step on how to do the general journal of this transaction. Thank you! Aug 1 Sold merchandise to Kimpoy

Hello! Can you explain step by step on how to do the general journal of this transaction. Thank you!

Aug 1 Sold merchandise to Kimpoy P60,000 cash. Aug 3 Sold merchandise Mila Cruz, P110,000 on account. Terms: 2/10, n/60. Aug 5 Received P10,000 defective merchandise from Mila Cruz. Aug 6 Paid P2,000 cash to Kimpoy for the returned merchandise. Aug 7 Paid transportation cost of delivering the merchandise sold, P5,000. (Delivery Expense) Aug12 Collected in full the account of Mila Cruz. Aug 15 Sold merchandise to Beau Ty P70,000. Terms: 10%, 5%, 2/10, n/30. Aug 17 Sold merchandise to Castle Lim, P120,000. Terms: 50% down payment, balance payable in 15 days. Aug 18 Sold merchandise to Hannah Poh, P200,000 on account with promissory note. Aug 20 Collected the account of Hannah Poh in full

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