TEST II. The Following are the additional transactions of Queen Trading for the Month of May. May 2 Queen made an additional investment of P 200,000 10 Queen Trading sold Merchandise for cash exclusive of 12% VAT, P 100,000. 21 Queen Trading collected P 5,000 from Ma Reclamo Shop. 26 Proceeds of loan from Metro Bank amount to P 400,000. 28 Patch Trading's account is settled in full. Record the Transactions in the Cash Receipts journal. (See attached separate paper for CRJ), and please use separate paper for General Ledger and Subsidiary Ledger.
CASH PAYMENTS JOURNAL DATE PAID TO CHECK CASH NO. (CREDIT) PURCHASE DISCOUNT ACCOUNTS PAYABLE PURCHASES INPUT TAX (CREDIT) (DEBIT) (DEBIT) DEBIT CREDIT SUNDRY ACCOUNTS F DEBIT CREDIT O REDMI NOTE 8 AI QUAD CAMERA
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