Question: I don't really understand.. please help me Activity 1 - PERFORMANCE TASK (50 Points) Score Prepare the worksheet using the following information below. Journalize the

I don't really understand.. please help me Activity 1 - PERFORMANCE

I don't really understand.. please help me

Activity 1 - PERFORMANCE TASK (50 Points) Score Prepare the worksheet using the following information below. Journalize the following transactions completely for the year 2021. - Use Perpetual Method. 6/1 . Purchased merchandise on credit for PHP12,600, terms 1220, n/30. 6/4. Sold merchandise on account for PHP5,000, terms 3/10, n/30. 6/10 - Received payment for merchandise sold on 6/4. 6/12 - Retumed goods worth P500 on merchandise purchased on 6/1, 6/17 - Paid freight charges of PHP200 for merchandise ordered last month (FOB shipping point). 6/20 - Sold merchandise on for cash for PHP7,000. Write your answers in the general journal. (Please see the attached GJ Sheet) (30 pts) Make a T-account (Ledger) for per account titles to be used in this transactions.- (20 pts) - Use the back of the journal sheet

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