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3. VAT Deductible and VAT Received for Company C in a given tax period are as follows. VAT Deductible Month April 2020 (TRY) 450.000 May
3. VAT Deductible and VAT Received for Company C in a given tax period are as follows. VAT Deductible Month April 2020 (TRY) 450.000 May 2020 300.000 June 2020 VAT Received (TRY) 300.000 100.000 750.000 VAT Tax Return (TRY) 350.000 Required: a) Fill VAT tax return number on the table for each month. (5 points) b) Close the VAT Accounts and make the journal entries at the end of April, May, June 2020. (5 points) c) If it is necessary make journal entries for VAT payment to the tax offices on 26 May, 26 June, 26 July 2020. (5 points)
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