May 12 Sold class room furniture to Department of Education for 141,300 plus VAT. Issued Invoice no. 2017 to cover the sale.

13 Purchased 5 Leather lounge suites from King Furnishers Inc. for 140,500 plus VAT. The purchased order number was 403 and the terms of purchased were 2/10, n/30. Invoice was dated 13 May.

14 Daniel Smith withdrew 17,500 by check no. 550 to cover personal expenses.
Issued check no. 551 for 6,925 plus VAT of 831 to Calypso Auctions for the purchase of patio furniture for resale.
Issued check no. 552 to King Furnishers Inc. to cover the purchase of May 5.
(How does this affect VAT?)

15 Department of Education returned a number of classroom desks and chairs which were surplus to requirements. Issued adjustments note (credit note) no. 110 for 12,045 (including VAT of 1,290). (Note: write back of VAT is necessary.)
Sold office furniture and storage cabinets to White cross Medical Center - invoice no. 2018 for 41,750 plus VAT.

16 Issued check no. 553 for 129,075 to Mikhael Furniture Inc. in full payment of account.
Forwarded check no. 554 to Woodworks Publications Inc. to cover advertising costs of 7,500 plus VAT for May.
Received a check from Banco Oriental for 13,125 to be applied to their account balance - payment received outside the discount period.

17 Cash sales of 104,900 plus VAT for the week were recorded.

19 Received a check from Wise Motels for 76,825 in full payment of account balance.
Forwarded check no. 555 for 83,715 to Bed & More Suppliers in full payment of the purchase of May 7 and the balance of the amount owing at April 30 which was not subject to discount. (Note: Consider VAT.)

21 Sold several computer desks to White Cross Medical Center as detailed in invoice no. 2019 for 83,150 plus VAT.

22 Received a check from Department of Education in payment of the sale made on May 12, invoice no. 2017, after sales returns in May 15, (Note: Consider VAT.)
Received a check from Bora-Bora Resorts for 39,375 in payment of April 3 account balances.

23 Sold furniture to equip new schools to Department of Education detailed on invoice no. 2020 for 286,500 plus VAT.
Purchased bedding ensembles for 122,500 plus VAT from San Francisco Bedding Co. with terms of 2/15, n/30. Purchase order no. was 404. Date of invoice was May 22.
Issued check no. 556 for 5,075 to cover fortnightly office salaries. Also issued check no. 557 for the amount of 56,000 to cover wages of sales staff for the period May 10 to May 23.
Forwarded to King Furnishers Inc. check no. 558 for 151,460 being full payment for the purchase made on May 13.

24 Cash sales for the week ending May 24 amounted to 109,150 plus VAT.
May 26 Purchased lounge and dining room suites from Mikhael Furniture Inc. for 111,500 plus VAT, purchase order no. 405. Terms were 2/10, n/30. Date of Purchase invoice was May 26.
Daniel Smith withdrew cash from the business by check no. 559 for 19,250. Purchased polished bed ends from Bed & More Suppliers Ltd for 18,375 plus VAT and issued check no. 560 in full payment.

27 Issued check no. 561 and adjustment note to F. Cruz for the return of a kitchen setting previously sold for cash for 12,250 plus VAT.
Received a check for 39,500 from White Cross Medical Center in part payment of amount owing at April 30.
White Cross Medical Center returned several components of the computer workstations sold to them May 21. Issued adjustment note no. 111 for 22,500 plus VAT. (note: write back VAT component.)
Paid Sundry expenses 2,150 plus VAT with check no. 562.

28 Purchased assorted furniture from King Furnishers Inc. for 284,500 plus VAT, terms 2/10, n/30. Purchase no. order was 406. Date of purchase invoice was May 26.

29 Sold kitchen furniture modules to John Martin Montenegro, builder, as detailed on invoice no. 2021 for 76,500 plus VAT.
Received a check from Cool and Cozy Hotels for 66,000 in part payment of the balance of account owing at the end of April.

30 Received a check from White Cross Medical Center for 26,125 in payment of the remaining April 30 balance of Account.
Received an account from City Transport for delivery services provided for the month of May. Issued Check no. 563 for 17,325 (including VAT of 1,856) to cover the account.

31 Issued check no. 564 for 26,950 (including VAT) to Armando Kho to cover rent of business premises for May.
Issued check no. 565 for 700 to cover the April interest on the outstanding loan. By the agreement with the creditor, repayment of the capital was to be made totally in July.
Cash sales for the week ending May 31 were 115,800 plus VAT.

>> Aljun Furniture Mart is a retail furniture store owned and operated by proprietor, Mr. Daniel Smith. The store opens all day Monday to Friday and half-day on Saturday. The business buys standard and custom furniture and sells to the general public and to organization such as hotel chains and educational institutions.

Please help me please,,