Journalize the following independent purchases transactions. 1. Purchase merchandise from supplier for P6,720 inclusive of...
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Accounting
Journalize the following independent purchases transactions.
1. Purchase merchandise from supplier for P6,720 inclusive of VAT.
2. Merchandise costing P15,000 exclusive of VAT were purchased from a supplier paying 5,000 down payment and the balance on account.
3. Purchase merchandise on account for P22,400.
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