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TESTI. INSTRUCTION: The following are the credit sales transactions of Queen Trading for the month of May: May 3 Queen Trading sold merchandise on credit to Camote Enterprises, P 16,000 exclusive of 12% VAT, Terms: 1/15, n/30 4 9 10 Merchandise was sold on credit to Gosh Merchants, P 10,000 exclusive of 12 % VAT, Terms: 2/10, n/30. Merchandise was sold on credit to Ma. Reclamo Shop, P 8,000 exclusive of 12% VAT, Terms: 3/15, n/30. Queen Trading sold merchandise on account to Snow Fur Merchants, P 30,000 exclusive of 12 % VAT. Terms: 2/10, n/30. 12 Queen Trading sold merchandise on account to Patch Trading, P 25,000 exclusive of 12% VAT. Terms: 1/15, n/30. Record the Transactions in the sales journal, General Ledger and Subsidiary Ledger. (please use separate paper for GL & SL) SALES JOURNAL F CUSTOMER TERMS SALES (CREDIT) DATE ACCOUNTS RECEIVABLE (DEBIT) OUTPUT TAX (CREDIT) O REDMI NOTE 8 AI QUAD CAMERA 02
TESTI. INSTRUCTION: The following are the credit sales transactions of Queen Trading for the month of May: May 3 Queen Trading sold merchandise on credit to Camote Enterprises, P 16,000 exclusive of 12% VAT, Terms: 1/15, n/30 4 9 10 Merchandise was sold on credit to Gosh Merchants, P 10,000 exclusive of 12 % VAT, Terms: 2/10, n/30. Merchandise was sold on credit to Ma. Reclamo Shop, P 8,000 exclusive of 12% VAT, Terms: 3/15, n/30. Queen Trading sold merchandise on account to Snow Fur Merchants, P 30,000 exclusive of 12 % VAT. Terms: 2/10, n/30. 12 Queen Trading sold merchandise on account to Patch Trading, P 25,000 exclusive of 12% VAT. Terms: 1/15, n/30. Record the Transactions in the sales journal, General Ledger and Subsidiary Ledger. (please use separate paper for GL & SL) SALES JOURNAL F CUSTOMER TERMS SALES (CREDIT) DATE ACCOUNTS RECEIVABLE (DEBIT) OUTPUT TAX (CREDIT) O REDMI NOTE 8 AI QUAD CAMERA 02