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6-9. Sweet Co., a manufacturer of refined sugar, became subject to VAT effective November 1 of the current year. During the month, the following are its data: Refined sugar withdrawn from refinery. VAT inclusive Purchases of - Supplies from VAT registered suppliers Packaging materials, VAT inclusive Sugar cane from planters Water bill Salaries of officials and employees Inventory per balance sheet, December 1: Packaging materials Supplies purchased from VAT registered persons Supplies purchased from non-VAT suppliers 6.The presumptive input tax is_. A. 5,250 B. 13,860 C. 14,000 D. 35,000 7. The transitional input tax is__. A. 654.50 B. 2,975.00 C. 2,998.00 D. 3,506.25 8. The total creditable input taxes is_ A. 13,828.00 B. 22,935.00 C. 24,530.54 D 92 935.00 P 924,000 38,500 27,060 350,000 12,000 150,000 17,875 14,850 4,750

6-9. Sweet Co., a manufacturer of refined sugar, became subject to VAT effective November 1 of the current year. During the month, the following are its data: Refined sugar withdrawn from refinery. VAT inclusive Purchases of - Supplies from VAT registered suppliers Packaging materials, VAT inclusive Sugar cane from planters Water bill Salaries of officials and employees Inventory per balance sheet, December 1: Packaging materials Supplies purchased from VAT registered persons Supplies purchased from non-VAT suppliers 6.The presumptive input tax is_. A. 5,250 B. 13,860 C. 14,000 D. 35,000 7. The transitional input tax is__. A. 654.50 B. 2,975.00 C. 2,998.00 D. 3,506.25 8. The total creditable input taxes is_ A. 13,828.00 B. 22,935.00 C. 24,530.54 D 92 935.00 P 924,000 38,500 27,060 350,000 12,000 150,000 17,875 14,850 4,750

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Accounting taxation. help

6-9. Sweet Co., a manufacturer of refined sugar, became subject to VAT effective November 1 of the current year. During the month, the following are its data: Refined sugar withdrawn from refinery. VAT inclusive Purchases of - Supplies from VAT registered suppliers Packaging materials, VAT inclusive Sugar cane from planters Water bill Salaries of officials and employees Inventory per balance sheet, December 1: Packaging materials Supplies purchased from VAT registered persons Supplies purchased from non-VAT suppliers 6.The presumptive input tax is_. A. 5,250 B. 13,860 C. 14,000 D. 35,000 7. The transitional input tax is__. A. 654.50 B. 2,975.00 C. 2,998.00 D. 3,506.25 8. The total creditable input taxes is_. A. 13,828.00 B. 22,935.00 C. 24,530.54 D. 92,935.00 9.The VAT payable is_. A. 61,065.00 B. 69,815.00 C. 70,172.00 D. 74,469.46 P 924,000 38,500 27,060 350,000 12,000 150,000 17,875 14,850 4,750
Transcribed Image Text:6-9. Sweet Co., a manufacturer of refined sugar, became subject to VAT effective November 1 of the current year. During the month, the following are its data: Refined sugar withdrawn from refinery. VAT inclusive Purchases of - Supplies from VAT registered suppliers Packaging materials, VAT inclusive Sugar cane from planters Water bill Salaries of officials and employees Inventory per balance sheet, December 1: Packaging materials Supplies purchased from VAT registered persons Supplies purchased from non-VAT suppliers 6.The presumptive input tax is_. A. 5,250 B. 13,860 C. 14,000 D. 35,000 7. The transitional input tax is__. A. 654.50 B. 2,975.00 C. 2,998.00 D. 3,506.25 8. The total creditable input taxes is_. A. 13,828.00 B. 22,935.00 C. 24,530.54 D. 92,935.00 9.The VAT payable is_. A. 61,065.00 B. 69,815.00 C. 70,172.00 D. 74,469.46 P 924,000 38,500 27,060 350,000 12,000 150,000 17,875 14,850 4,750
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Can you provide the answer for the last one: The VAT Payable

a.61,065

b. 69,815

c. 70,172

d. 74,496.46

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