Accounting entries for furniture purchased by furniture stores

At the time of purchase:

Included in Inventory:

Borrow: Inventory of goods.

Debit: Tax Payable – VAT Payable (Input Tax).

Credit: bank deposits, accounts payable, etc.

When selling: making income:

Debit: bank deposits, accounts receivable, etc.

Credit: main business income.

Credit: Tax Payable – VAT Payable (Output Tax).

Cost carried forward: borrowed: cost of principal business.

Credit: Inventory of goods.

Carry forward the VAT payable for the current month:

Debit: Tax Payable - VAT Payable (Transfer Out Unpaid VAT) Credit: Tax Payable - VAT Not Paid.

Additional tax for VAT accrual:

Borrow: Business tax and surcharge.

Credit: Taxes Payable - Urban Maintenance and Construction Tax Payable.

Credit: Taxes payable - Education fee surcharge payable.

Credit: Taxes payable - Local education surcharge payable.

Furniture store purchases furniture for sale, accounting entries:

Borrow: Inventory of goods.

Tax Payable - VAT Payable (Input Tax).

Credit: bank deposits, etc.

Furniture stores buy furniture for sale, not for their own use, that's a commodity.

Borrow: Inventory of goods.

Credit: Bank deposits.

If it is a general taxpayer, it is also necessary to: borrow: tax payable - VAT - input tax.