20B Particulars F Debit Credit

Jan 11 Sales Return and Allowances L-25 3,000.00

Output Tax 360.00
Accounts Receivable - Barako Co. 3,360.00
Merchandise returned by customers

14 Accounts Payable- Alindahaw 1,120.00

Purchase Returns & Allowances 1,000.00
VAT Input Tax 120.00
Merchandise returned by supplier

30 SSS Premium Contribution 1,975.30

PHIC Premium Contribution 450.00
Pag-ibig Premium Contribution 500.00
SSS Premium Payable 1,975.30
Philhealth Premium Payable 450.00
HDMF Premium Payable 500.00
Employer's share re-SSS, PHIC, Pag-ibig for the
month of January, 20B

31 VAT Output
VAT Input 31,560.00
VAT Payable 30,360.00
To close input & output tax accounts 1,200.00