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The credit sales and purchases for the month of April 2018 in respect to JL & Co were as follows: 2018 April 3 Sales

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The credit sales and purchases for the month of April 2018 in respect to JL & Co were as follows: 2018 April 3 Sales to C. Kent 16 Purchases from Diana & Co Ltd 20 Sales to B. Wayne 30 Purchases from A. Curry Net Vat 10% Gross Requirement: a. Using the formula given in class. Calculate the Vat and then the Net amount b. Write up all the relevant books and ledger accounts for the month 209 143 242 385

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