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Date please white general ledger : cash at bank, accounts receivable, inventory,account payable, bank loan payable, Transaction description 1 Obtained a loan of $48,000 from
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Date | please white general ledger : cash at bank, accounts receivable, inventory,account payable, bank loan payable, Transaction description |
| 1 | Obtained a loan of $48,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2018 and the principal of the loan is to be repaid on 1 June 2021. |
| 2 | Sold 9 boxes of Sprearmint Gum to Sweet Tooth for $100 each, Invoice No. 201. |
| 3 | Purchased 17 boxes of Sprearmint Gum from Brennan Imports Group for $60 each, terms net 30. |
| 3 | Paid the full amount owing to Restlay, Cheque No. 903$2942) . Payment fell within discount period. |
| 4 | Paid the full amount owing to Gillard Wholesalers, Cheque No. 904($2261) . Payment fell within discount period. |
| 4 | Made cash sales of $5,896 during the first 4 days of the month. |
| 4 | Purchased 17 boxes of Hazelnut Toffee with cash for $50 each, Cheque No. 905. |
| 5 | Purchased 22 boxes of Party Mix from East Tangiers Cooperative for $40 each, terms 2/10, n/30.
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