Answer Happy

TEST III. The Following are the additional transactions of Queen Trading for the Month of May. May 2 Queen Trading purchased merchandise on account from Liric Shop, P10,000 exclusive of 12% VAT. Term: 1/10, n/30. 4 Merchandise was purchased on account from Stain Wel Merchants, P40,000 exclusive of 12% VAT. Terms: 1/15, n/30. 8 Purchases were made from lamaha Shop, P15,000 exclusive of 12% VAT. Term: 3/10, n/30. 11 Queen Trading purchased merchandise on credit from Kaway Merchants, P7,000 exclusive of 12%. Terms: 1/15, n/30. 15 Queen Trading purchased merchandise on credit from Kasho Trading, P15,000 exclusive of 12% VAT. Terms: 2/15, n/60. Record the Transactions in the Purchase journal. (See attached separate paper for PJ), and please use separate paper for General Ledger and Subsidiary Ledger. PURCHASE JOURNAL DATE SUPPLIER F TERMS INPUT TAX PURCHASE (DEBIT) ACCOUNTS PAYABLE (CREDIT) (DEBIT) O REDMI NOTE 8 CAI QUAD CAMERA