CAL Company is a manufacturer. CAL produces and sells inventory to YHZ Company for QAR 60,000 plus VAT. YHZ Company is a wholesaler and re-sells the inventory to a retailer - NL Company for QAR 80,000, plus VAT. NL Company sells the inventory to the general public for a total of QAR 110,000, plus VAT. Assume a VAT rate of 12%.

Complete the required journal entries for CAL Co., YHZ Co. and NL Co. in the space below.

Debits should be show with DR before the account name

Credits should be shown with CR before the account name