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1. Sale transaction (12 points) 3 May, 10 Customer Trd visits the shop of Millers Ltd. and orders 2000 flowerpots (net price 3 each, 20

1. Sale transaction (12 points) 3 May, 10 Customer Trd visits the shop of Millers Ltd. and orders 2000 flowerpots (net price 3 each, 20 % VAT) with a special design on them. Millers Ltd. accepts this order but asks for a prepayment of 1500 , net, 20 % VAT. The customer pays the prepayment in cash immediately. June, 11 The flowerpots are handed over to EuroFlott for delivery to the customer. Millers Ltd. pays 48 . incl. 20 % VAT, in cash for the transport. The invoice sent along with the flowerpots contains the following payment conditions: 2,5 % cash discount for payment within five days or four weeks credit period. June, 14 Millers Ltd.'s bank statement shows the receipt of the amount. The customer has rightfully subtracted the cash discount. Your tasks: Always clearly state the account type, account name and amount in your entries. (1) Please provide the entries for the transactions above as shown in the books of the seller (Millers Ltd.). Round to two digits, if necessary. (8 points) (2) Summarize the effects of all your entries by showing all the Changes in Balance Sheet for Millers Ltd. Clearly indicate the name of each position, the amount of change and also its sign (increase with a "+" and a decrease with a "-"). (4 points)

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