2. RST company's transaction during the month of May, 2021 are as follows: (Assume the company is a VAT registered company and assume that 12% VAT was inclusive in the amount of the transaction. May 2 RST Sold goods to AJ Corp. worth 280,000 of merchandise. 3 Purchase merchandise from JO store amounting to P224,000 5 Sold merchandise to ABN Merchandising invoice amount is P100,800.00 May 20 Purchase merchandise on account Php190,000.00 Compute for the VAT Payable to the Bureau of Internal Revenue on May.
2. RST company's transaction during the month of May, 2021 are as follows: (Assume the company is a VAT registered company and assume that 12% VAT was inclusive in the amount of the transaction. May 2 RST Sold goods to AJ Corp. worth 280,000 of merchandise. 3 Purchase merchandise from JO store amounting to P224,000 5 Sold merchandise to ABN Merchandising invoice amount is P100,800.00 May 20 Purchase merchandise on account Php190,000.00 Compute for the VAT Payable to the Bureau of Internal Revenue on May.
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter9: Sales And Purchases
Section: Chapter Questions
Problem 8E: Toby Company had the following sales transactions for March: Mar. 6Sold merchandise on account to...
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