£1500 £1800 DEBIT CREDIT £10800 £9000 £7500 Charles has purchased goods from a supplier on credit for £9,000 inclusive of 20% VAT. What are the correct entries to post this in his business accounting records? (Drag the correct answer into each blank space below) Value ₤ T DEBIT/CREDIT Ledger Account Purchases Input tax Payables

£1500 £1800 DEBIT CREDIT £10800 £9000 £7500 Charles has purchased goods from a supplier on credit for £9,000 inclusive of 20% VAT. What are the correct entries to post this in his business accounting records? (Drag the correct answer into each blank space below) Value ₤ T DEBIT/CREDIT Ledger Account Purchases Input tax Payables

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter10: Accounting For Sales And Cash Receipts

Section: Chapter Questions

Problem 2MC: When 25 of merchandise is returned for a credit on account, what is the amount of the credit to...

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