The company bought furniture and fixtures (F&F) for the store costing 300.000 TL + 18 % VAT and paid 200.000 TL from the bank account and the rest will be paid on account.

Select one:

debit to F&F for 300.000 TL, debit to VAT Deductible 54.000 TL, and credit to Banks for 200.000 TL and credit to Accounts Payable for 154.000 TL

debit to F&F for 300.000 TL, debit to VAT Payable 54.000 TL, and credit to Cash for 200.000 TL and credit to Notes Payable for 154.000 TL

debit to F&F for 300.000 TL, debit to VAT Payable 54.000 TL, and credit to Banks for 200.000 TL and credit to Accounts Payable for 154.000 TL

debit to F&F for 300.000 TL, debit to VAT Deductible 54.000 TL, and credit to Cash for 200.000 TL and credit to Notes Payable for 154.000 TL