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Valiant Air Condition Repairs Co. had the following data, tax not included, during the second quarter of 2020; Accounts receivable, April 1 P200,000.00 Sales during
Valiant Air Condition Repairs Co. had the following data, tax not included, during the second quarter of 2020; Accounts receivable, April 1 P200,000.00 Sales during the quarter 440,000.00 Accounts receivable, June 30 170,000.00 Purchase of repair supplies from VAT suppliers during the 67,200.00 quarter The business tax due from Valiant Air Condition Repairs Co. at the end of the quarter is assuming that its gross receipts in the preceding year did not exceed the threshold amount is
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