Mr. John a taxpayer, was not subject to the value-added tax ("VAT") prior to the year The following are the data he has on his sales, purchases, and inventory. 

Sales in 2019:

Php3,120,000.00

Sales in January 2020

Php120,000.00

Inventory, VAT of Php600 included, beginning 01/2020:

Php5,000.00

Purchases, January 2020

Php40,000.00

Input taxes on the purchases of January, 2020.

Php4,800.00

1.How much is the transitional input tax of Mr. John, if any?

2.How much is the value-added tax payable in January 2020, if any?

3.What is the journal entry on the recognition of the transitional input tax?

4.Compute for the VAT Payable of Mr. John based on the following information:

Sales, VAT business

Php600,000.00

Sales, Non-VAT business

Php300,000.00

Purchases of goods to be sold, VAT business

Php200,000.00

Purchases of goods to be sold, non-VAT business

Php100,000.00

Purchases of supplies for VAT and non-VAT businesses

Php30,000

5.Compute for the VAT Payable (if any) of Mr. John relative to his importation for

the month of January 2020, based on the following information:

Invoice cost

Php4,500,000.00

Freight cost

Php400,000.00

Marine insurance

Php100,000.00

Legitimate expenses on the importation prior to removal

from the customs custody

Php500,000.00

6.Compute for the VAT payable of Cebu Pacific, Inc. - a VAT registered common

carrier based on the following information:

Revenue from Domestic carriage of passengers

Php20,000,000.00

Revenue from Domestic carriage of cargoes

Php30,000,000.00

Revenue from International

carriage of passengers & cargoes:

Php50,000,000.00

Input tax from all purchases:

Php5,000,000.00

7.Leslie Burgers Inc. - a non-VAT corporation engaged in buying and selling of

burgers. After one year of operation, the corporation decided to register under

the VAT system. The records of the corporation revealed the following:

Beginning Inventory:

Php250,000.00

Input Tax on the Inventory:

Php4,000.00

How much is the transitional input tax that Leslie Burgers, Inc. can avail of?