The following balances were extracted from the subsidiary journals of General Spaza Shop as at 28 February 20.2 On 1 February 20.2, the VAT input account had an opening balance of R123 480 and the VAT output account had an opening balance of R185 220. Calculate the closing balance of the VAT output account as at 28 February 20.2. The following balances were extracted from the subsidiary journals of General Spaza Shop as at 28 February 20.2 On 1 February 20.2, the VAT input account had an opening balance of R123 480 and the VAT output account had an opening balance of R185 220. Calculate the closing balance of the VAT output account as at 28 February 20.2