Charles Company sells foods wholesale

Accounting Oct 15, 2020

Charles Company sells foods wholesale. On May 15, Charles sold 400 cases of beans to Robin Company at a total list price of P100,000. Charles allowed trade discounts of 20% and 10%. Furthermore, Charles gave credit terms of 2/10, n/30. Charles uses periodic inventory system and net method in recording cash discounts. On May 25, Robin Company paid Charles the full amount due.

Given these data, what is the entry to record the sale of beans on May 15?

I hope with solutions please

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