Transcribed Image Text: I Analyze and make journal entries for the following transactions of Dada’s Mart owned and operated by Diana . 2020 1 Cash purchases from Macro, P75,000 plus

Transcribed Image Text: I Analyze and make journal entries for the following transactions of Dada’s Mart owned and
operated by Diana .
2020
1 Cash purchases from Macro, P75,000 plus 12% VAT.
5 Purchased goods from Yssa’s Fruit Farm for P 67,200, VAT included.Terms: 2/10, n/30.
8 Returned defective goods to Yssa’s Fruit Farm, P 5,000, VAT excluded.
10 Bought equipment for office use from Jhamas Marketing, P 35,000 plus VAT. Term: n/60.
15 Paid in full the account to Yssa’s Fruit Farms.
20 Purchased goods from Colette Grocery, P33,600, VAT included. Term: 2/10, n/30.
24 Returned defective goods to Colette Grocery, P 5,600, VAT included.
30 Made a full payment to Colette Grocery
Jan