A company had the following transactions during december: • Sold merchandise on credit for PHP 5,000 terms 3/10, n/30.

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A company had the following transactions during december:
• Sold merchandise on credit for PHP 5,000 terms 3/10, n/30. The items sold had a cost of PHP 3,500
• Purchased merchandise, for cash PHP720
• Purchased merchandise on credit for PHP 2,600 terms 1/20, n/30
• Issued a credit memorandum for PHP300 to a customer who returned merchandise purchased on November 29. The returned items had a cost of PHP210.
• Received payment for merchandise sold on December 1
• Received a credit memorandum for the return of faculty merchandise purchased on December 4 for PHP600.
• Paid freight charges of PHP200 for merchandise ordered last month (FOB shipping point).
• Paid for the merchandise purchased on December 4, less the portion that was returned.
• Sold merchandise on credit for PHP7,000, terms 2/10, n/30. The items had a cost of PHP4,900.
•Received payment for merchandise sold on December 24.
Required:
Prepare the general journal entries to record these transactions using perpetual inventory system. (Record all purchases initially at the gross invoice amount)