From the following day book extracts, construct a VAT account for the month of April 2006.

Additional information:
(i) VAT owing as at 1 April 2006 was £220.73.
(ii) Cash sales inclusive of VAT for April totalled £870.
(iii) Petty cash expenses incurred in April totalled £342 inclusive of VAT (which can be reclaimed).
(iv) Fixed assets were purchased during April which includes VAT of £450 which could be reclaimed.
(v) VAT paid on April 18 totalled £299.

Transcribed Image Text:

Net figures (before addition of VAT) for April 2006 Sales for month Purchases for month Returns inwards for month Returns outwards for month 5,240 3,950 412 380