Posting records for business transactions (part 2) The company. Young Furniture has the following business transactions in
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Posting records for business transactions (part 2) 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 Form the posting records for the following business transactions 1. The vehide taxes for the company vehicles are due, the company pays € 1.500 by bank transfer 2. The company sells finished goods on credit worth € 4.000 (net) 3. A customer returns finished goods worth € 2380 (gross amount) that have not yet been paid 4. The company receives the rent about € 500 for a leased property in cash 5. The company pays the petrol invoice for a company car about € 100 (net) by cash.
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