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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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