During August the following transactions took place (assume VAT is at 18%) 

■ 1 Aug. Purchased merchandise for TL 28.000 on credit (Excluding VAT) 

■ 3 Aug. Received maintenance for TL 1.485 on credit (Including VAT) 

■ 4 Aug. Sold goods on credit for TL 7.500 (Including VAT) 

■ 15 Aug. Purchased merchandise for TL 14.000 on credit (Including VAT)

 ■ 31 Aug. Sold goods on credit for TL22.500 (Excluding VAT) 

 At the end of September make the appropriate accounting records.

Answer rating: 100% (QA)

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