Do the T-accounts for the following 1 Purchase of goods for a value of $50,000 plus VAT; 20% is paid by bank transfer and the rest is to be paid in 21 days. bank transfer and the remainder is to be paid in 21 days. 2 Sells goods for $1,000,000 plus VAT. 50% is deposited in the company's bank account and 50% remains on credit for 30 days. and 50% remains on 30 days credit. The cost of goods sold is $400,000. 3 An executive chair for the boardroom is purchased on credit for $3,000 plus VAT. 4 A new partner joins the company with a contribution of $50,000 which is deposited in the company's bank account. 50,000 is deposited in the bank account 5 A bank transfer of 100,000 is made to pay suppliers. 6 Salaries are paid by bank transfer for 550,000. 80% corresponds to the sales department and 20% to the sales department and 20% to the administration department. 7 The customer in transaction 2 makes a bank transfer paying 80% of his debt. 8 As a result of the bank credit, the company pays 48,000 by bank transfer; of which 35,000 plus VAT is for the payment of interest and the rest is to pay part of the debt. 9 A delinquent customer is charged interest of $300 (including VAT). Amount for which the customer makes a bank transfer 10 Administration and sales expenses of $360,000 plus VAT are paid by bank transfer. transfer. 60% is for Selling Expenses and 40% for Administration Expenses. 11 Write off the lower VAT