2015 May 1 Liz Ames invested $25,000.00 and a printing press worth $30,000.00 in the business. 1 Paid three months' rent in advance to Riverfront Realty, cheque No. 3001, $2,100.00. 2 Purchased merchandise from Gant Paper Co. on account, $5,247.25. Invoice No. 24388, dated May 1, terms 2/10, n/30. 3 Sold merchandise to Dr. M. LaPeierre on account, $1,250.00. Invoice No. 801, terms 2/10, n/30. 6 Sold merchandise to Hon. N. Marachee on account, $2,457.50. Invoice no. 802, terms 2/10, n/30. 8 Purchased merchandise from Gant Paper Co. on account, $1,500. Invoice No. 24451, dated March 7, terms 2/10, n/30. 9 Sold merchandise to Fern Michaels, LLB, on account, $1,250.00. Invoice No. 803, terms 2/10, n/30. COFCUAL JOURNALS 339 May 10 Paid Jenkins Cleaning Service $287.50. Cheque No. 3002. 11 Paid Gant Paper Co. invoice No. 24388, dated May 2, cheque No. 3003, taking discount. 12 Dr. M. LaPeirre returned letterhead that cost $175.00 because of a design flaw. Liz issued credit memorandum No. 101 to the customer for this amount. 12 Purchased merchandise from Markham Inks on account, $985.25. Invoice No. 931, dated March 12, terms 3/15, n/60. 13 Arranged $10,000.00 bank loan with Royal Bank. Deposited today to the company's bank account. 14 Sold paper stock for cash, $585.00. Deposited today. 15 Paid casual salaries to D. Lee, $970.00, cheque No. 3004. 15 Returned merchandise to Markham Inks in the amount of $235.00. Liz issued debit memorandum No. 25 for this amount. 16 Sold more paper stock for cash, $1,500.00. Deposited today, 16 Received payment from Hon. N. Marachee, invoice No. 802, less discount. 17 Dr. M. LaPeierre paid invoice No. 801, less return, no discount. 18 Sold stationery supplies to B. Kirk, CA, on account. $2,765.50. Invoice No. 804, terms 2/10, n/30. 19 Purchased used printing press on account from Maritime Equipment Sales, $21,500.00. Invoice No. 30275, dated May 19 (no discount terms). 22 Sold to Dr. M. LaPeierre, additional stationery merchandise on account, $1,145.00. Invoice No. 805, terms 2/10, n/30. 23 Paid Markham Inks balance owed, cheque No. 3005, taking discount. 23 Sold merchandise on account to B. Kirk, CA, $724.65. Invoice No. 806, terms 2/10, n/30. 24 Purchased for cash, display supplies from MDS Supplies, $387.50. Cheque No. 3006. 26 Purchased envelope merchandise from Findlay and Fortune on account, $3,600.00. Invoice No. 6289, dated May 26, terms 2/10, n/30. 26 Dr. M. LaPeierre paid invoice No. 805, dated May 22, taking discount. 27 B. Kirk, CA, paid invoice No. 804, dated May 18, taking discount. 29 Purchased merchandise from Gant Paper Co., $3,475.80. Invoice No. 24722, dated May 28, terms 2/10, n/30. 30 Paid half of the balance to Maritime Equipment Sales on their invoice No. 30275, cheque No. 3007. 31 Sold merchandise to Moncton Hospital on account. $3,650.00. Invoice No. 807, terms 2/10, n/30