What is the primary goal of creating a bank reconciliation statement? A separate statement O Part of the Cash Book A sub-division of a journal O Part of a Bank Statement Mango Goolat Company made a total of P100,000 in purchases, with P15,000 on account. At the start of the year, Accounts Payable totaled P40,000. What will the account Accounts Payable show in the Unadjusted Trial Balance of December 31, 2020 if the entire payment of account purchases was P35,000? P25,000 OP30,000 OP35,000 O P20,000 During the month, Shift Trading's records provided the following data and information: Sales Sales Returns Sales Discount Purchases Purchase Returns Purchase Discount P 340,000 1,400 2,500 274,000 5,300 1,800 What is the VAT payable for the month? OP8,304 O P7,920 OP32,412 O P40,332 On August 1, Sad Company sends Happy Trading an 8-percent interest- bearing note to settle a P50,000 account receivable. In six months, the note will be due. At the end of the year, Happy should have a total interest income of: P4,000 P200 P2,000 O P1,667