Exercise 1: Purchase, sales, advances, packaging and shipping During November 2020, Mr. Fawzi, owner of a trading company specializing in timber trading, carried out the following operations:

11/02/2020: Mr. Fawzi receives a deposit of 14,000 from his client Mr. Fadi by check.

11/03/2020: Mr. Fawzi sends his client Mr. Fadi the following invoice: Goods for 450,000 excluding tax, discount 2%, discount 1%, flat rate shipping 5,000 excluding tax. Settlement in 30 days.

11/06/2020: Mr. Fawzi buys on credit a batch of merchandise worth 650,000 from the supplier "Antoine", discount 5%, postage invoiced 20,000 excluding VAT, returnable packaging 1000 packages at 70 per one. Settlement in 90 days.

11/09/2020: Mr. Fawzi returns 350 packages to his supplier Antoine for the same consignment price.

11/17/2020: Mr. Fawzi returns to his supplier "Antoine" 450 packages for 60 (the difference between the consignment price and the deconsignment price is considered inclusive of VAT) 11/19/2020: Mr. Fawzi decides to keep the remaining packaging (the non-return price is HT). Make the entries in the journal of Mr. Fawzi; VAT at the standard rate: 20%. 02/11 03/11 06/11 09/11 11/17 11/19 Calculation of the VAT payable or payable by Mr. Fawzi for the month of November.