[A] Instructions: Compute for the required item (refer to the photo below) using a yellow ruled sheet. (Show solution)

A. A VAT registered person had the following transactions during the third quarter 2018: a. Cash Purchases P 467,500 b. Purchases on Account 112,000 c. Purchase Returns 55,000 d. Cash Sales 330,000 e. Sales on Account 506,000 f. Sales Return and Allowances 93,500 Required: Compute the VAT Payable for the third quarter