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Exercise 6: Posting records for business transactions (part 1) The company Young Furniture has the following business transactions in the year 01. Always assume the standard VAT rate of 19%. The business year is the same as the calendar year For the posting records for the following business transactions 1. The company sells merchandise worth 10 000 (net) on credit. 2 The company buys merchandise valued 29.750 (gross amount) from a supplier on credit 3. The company purchases raw material worth 30.000 (net) on credit. 4. The company pays rent for business premises for an amount of 500 by bank transfer 5. The bank charges interest about 250 on a loan