Activity 2 – Sales Journal Entries

1. December 1, sold merchandise to Kumon Learning Center with a price of P12,000, cash on delivery.

2. December 2, sold merchandise to Maranatha Christian Academy with a price of P8,000, terms 2/10, n/30.

3. December 5, Kumon Learning Center returned P3,000 worth of defective merchandise. Cash refund was granted.

4. December 11, Maranatha Christian Academy paid their account balance.

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