GAD Merchandise Company appies a Value Added Tax (VAT) rate of 10 VAT should be added to the flowing transactions. The amounts do not indude VAT Purchased Decembermerchandise 12 for TL 20.000 with cash. DecemberSold 15 merchands on account for TL 15.000. The Costa merchandise 10 DO The journal entry for the transacton from 12 Dec VAT Deferred 2.000TL VAT Deductible on debt side VAT Deductible 1200TL VAT Received on crede side