Dutch Co, a Vietnamese company, uses a perpetual inventory system and tax deduction method. During March, 2020, the following transactions occurred (VND: 1.000) Mar.2 Purchased merchandise from Tuan Company for 22.000 (exclusive of VAT 10%) under credit terms of 1/20, n/30, invoice dated Mar 2. Freight charges 2.200 (exclusive of VAT 10%) paid cash in bank. 4. Prepaid $5.000 by cash in bank for import entrustment contract to Lux to open L/C. The accounting book exchange rate: $ 1= VND 22,9 5. Sold merchandise to T&T Corp for 52.800 (inclusive of VAT 10%) under credit terms of 1/20, n/60, invoice dated Mar 5. The merchandise had cost 30.000. 12. Paid 8.000 (exclusive of VAT 10%) by cash in bank for shipping charges related to the Mar 5 sale to T&T Corp. 13. Received import entrustment goods with total value of $X1 delivered by Lux (import trustee). The imported good was put into the warehouse, the import tax 30%, the VAT tax 10%. The Customs rates of exchange $1= VND 23,1. The customs value of the goods value of good in invoice. Lux paid on behalf of the import truster all kind of tax payable to the government budget by VND in bank. The import entrustment fee accounts for 1% on the contract value. 15. T&T returned merchandise from the Mar 5 sale that had cost 500 and been sold for 770 (inclusive of VAT 10%). The merchandise was restored to inventory. 17. The import entrustment fee to Lux was credited on account. 18. After negotiations with Tuan Corporation concerning problems with the merchandise purchased on Mar 2, received a credit memorandum from Tuan granting a price reduction of 800 (exclusive of VAT 10%) 22. Paid the amount due Tuan Corporation for the Mar 2 purchase less the price reduction granted. 25. Received balance due from T&T Corp. for the Mar 5 sale less the return on Mar 15. 28. Received the notice about the consigment goods that had been sold from the AA Agent with costing of VND 25.000 for 40.000 (exclusive of VAT 10%), commission fee 4.000 (exclusive of VAT 10%). 29. Paid import entrustment fee and tax for Lux by VND in bank. 30. Received the balance due from AA Agent for the consigment goods less the commisson fee 30. Paid the rest of the payment for Lux by USD in bank on Mar 13, the accounting book exchange rate $1= 23,1. Lux paid to the exporter by L/C and Cash in bank. 30. Accrued salary for administration component X2 and selling component X3 Require: A. In Dutch Co 1. Give the opening balance of accounts at 1st, Mar, 2020 and X1,X2,X3 by yourself. 2. Journalize above transactions (including closing entries) 3. Prepare T accounts 4. Prepare trial balance for March, 2020 5. Prepare Statement of Financial Position as at 31st, March, 2020. 6. Prepare Statement of Profit or Loss for the period ended 31st, March, 2020. B. Make the entries the transactions of Lux (import trustee) (The approximate exchange rate: $ 1= VND 23) Dutch Co, a Vietnamese company, uses a perpetual inventory system and tax deduction method. During March, 2020, the following transactions occurred (VND: 1.000) Mar.2 Purchased merchandise from Tuan Company for 22.000 (exclusive of VAT 10%) under credit terms of 1/20, n/30, invoice dated Mar 2. Freight charges 2.200 (exclusive of VAT 10%) paid cash in bank. 4. Prepaid $5.000 by cash in bank for import entrustment contract to Lux to open L/C. The accounting book exchange rate: $ 1= VND 22,9 5. Sold merchandise to T&T Corp for 52.800 (inclusive of VAT 10%) under credit terms of 1/20, n/60, invoice dated Mar 5. The merchandise had cost 30.000. 12. Paid 8.000 (exclusive of VAT 10%) by cash in bank for shipping charges related to the Mar 5 sale to T&T Corp. 13. Received import entrustment goods with total value of $X1 delivered by Lux (import trustee). The imported good was put into the warehouse, the import tax 30%, the VAT tax 10%. The Customs rates of exchange $1= VND 23,1. The customs value of the goods value of good in invoice. Lux paid on behalf of the import truster all kind of tax payable to the government budget by VND in bank. The import entrustment fee accounts for 1% on the contract value. 15. T&T returned merchandise from the Mar 5 sale that had cost 500 and been sold for 770 (inclusive of VAT 10%). The merchandise was restored to inventory. 17. The import entrustment fee to Lux was credited on account. 18. After negotiations with Tuan Corporation concerning problems with the merchandise purchased on Mar 2, received a credit memorandum from Tuan granting a price reduction of 800 (exclusive of VAT 10%) 22. Paid the amount due Tuan Corporation for the Mar 2 purchase less the price reduction granted. 25. Received balance due from T&T Corp. for the Mar 5 sale less the return on Mar 15. 28. Received the notice about the consigment goods that had been sold from the AA Agent with costing of VND 25.000 for 40.000 (exclusive of VAT 10%), commission fee 4.000 (exclusive of VAT 10%). 29. Paid import entrustment fee and tax for Lux by VND in bank. 30. Received the balance due from AA Agent for the consigment goods less the commisson fee 30. Paid the rest of the payment for Lux by USD in bank on Mar 13, the accounting book exchange rate $1= 23,1. Lux paid to the exporter by L/C and Cash in bank. 30. Accrued salary for administration component X2 and selling component X3 Require: A. In Dutch Co 1. Give the opening balance of accounts at 1st, Mar, 2020 and X1,X2,X3 by yourself. 2. Journalize above transactions (including closing entries) 3. Prepare T accounts 4. Prepare trial balance for March, 2020 5. Prepare Statement of Financial Position as at 31st, March, 2020. 6. Prepare Statement of Profit or Loss for the period ended 31st, March, 2020. B. Make the entries the transactions of Lux (import trustee) (The approximate exchange rate: $ 1= VND 23)