Prepare the journal entries for Cagayan Groceries using journal sheets Cagayan Groceries entered in the following transactions during the month of July 2020: July 2: Purchased ₱30,000 merchandise; terms 1/10, n/45. July 4: Paid trucking firm, ₱400 to ship the merchandise purchased on July 2. July 5: Purchased merchandises worth ₱43,200 with terms 2/10, n/30. July 6: Paid the trucking firm, ₱500 in relation to July 5 purchases. July 8: Returned ₱2,800 from the July 2 purchases. July 11: Paid the accounts from July 2. July 13 : Sold ₱92,000 merchandises cash. July 22: Sold Merchandises for ₱63,000. Terms; 1/15, n/30. July 28: Acquired equipment for ₱120,000 July 30: Paid purchases from June 5

The company purchased merchandise for ₱54,252 less 2 less 2 on terms 2/10, n/30.  How much should the company pay if the account was paid in full within the discount period?

StickUps Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred during the month of September 2020: Sept.   3 Purchased merchandise on credit for $6,200 from Pacer Co.     7 Sold merchandise on credit to J. Namal for $1,800, subject to a 2% sales discount if paid by the end of the month. Cost, $1,000.     9 Borrowed $5,500 by giving a note to the bank.     13 The owner, Dale Trent, invested an additional $7,000 cash into the business.     18 Sold merchandise to B. Baird for $460 cash. Cost, $280.     22 Paid Pacer Co. $6,200 for the merchandise purchased on September 3.     27 Received $1,764 from J. Namal in payment of the September 7 purchase.     30 Paid salaries of $3,200. Journalize the September transactions that should be recorded in the Cash Receipts Journal, assuming the perpetual inventory system. (Enter transactions in order)  Image attached…

Provisions Grocery Store purchased merchandise on account from Federal Grocers for $500.00 on April 6, terms 2/10, n/30. Federal Grocers prepaid freight charges of $25.00 and added them to the invoice. Assuming Provisions Grocery Store pays the amount due within the discount period, what is the amount of the payment?