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Bank balance beginning of month 5,600 Inventory purchased for cash 28,000 Bank balance, end of month 9,800 Miscellaneous expenses paid 8,000 Cash drawings 20,000 Payment
Bank balance beginning of month
5,600
Inventory purchased for cash
28,000
Bank balance, end of month
9,800
Miscellaneous expenses paid
8,000
Cash drawings
20,000
Payment on accounts payable
44,000
Cash sales
72,000
Proceeds from bank loan
83,000
Collections from accounts receivable
32,000
Proceeds from sale of equipment
12,000
Cost of sales
64,000
Rent expense
800
Credit sales
46,000
Rent paid in advance for the next 6 months
4,800
Depreciation expense
3,500
Wages paid
22,000
Equipment purchased for cash
68,000
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