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Date Transaction description 1 Obtained a loan of $44,000 from Earth Bank at a simple interest rate of 6% per year. The first interest payment
Date Transaction description 1 Obtained a loan of $44,000 from Earth Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2023 and the principal of the loan is to be repaid on June 1, 2027. Purchased 10 Swish Phones from Pony for $420 each, terms net 30. Purchased 25 Tony ZIO MLP Projectors with cash for $320 each, Check No. 861. Purchased 12 MePod Multimedia Players from Pear Technology for $640 each, terms 2/10, n/30 Paid sales staff wages of $12,939 for the week up to and including yesterday, Check No. 862. Note that $6,500 of this payment relates to the wages expense incurred during the last week of May. 6 Paid the full amount owing to Mega Tech, Check No. 863. Payment fell outside discount period. Sold 14 Swish Phones to Radio Hut for $720 each, plus 5% sales tax, Invoice No. 431. Made cash sale of 10 Tony ZIO MLP Projectors for $640 each plus 5% sales tax. Paid the full amount owing to JCN Electrical, Check No. 864. Payment fell outside discount period. GENERAL JOURNAL SUBSIDIARY LEDGERS Account: ARC - Radio Hut Account No. 110-3 Account: APC - Pear Technology Account No, 210-1 Account: APC - JCN Electrical Account No. 210-2 Account: APC - Pony Account No, 210-3 Account: APC - Pony Account No, 210-3 Account: APC-Mega Tech Account No. 2104
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