Date Transaction description 1 Obtained a loan of $45,000 from BitiBank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2020 and the principal of the loan is to be repaid on June 1, 2025. 3 Purchased 23 Zii Game Consoles with cash for $1,100 each, Check No. 881. 4 Purchased 14 DK800 Desktop Computers from Pear Technology for $1,180 each, terms net 30. 4 Purchased 16 NR759 3D-HD Recorders from Pony for $1,440 each, terms 2/10, n/30 4 Paid the full amount owing to Mega Tech, Check No. 882. Payment fell outside discount period. 4 Made cash sale of 12 Zii Game Consoles for $2,100 each plus 5% sales tax. 5 Paid the full amount owing to JCN Electrical, Check No. 883. Payment fell outside discount period. 6 Sold 16 DK800 Desktop Computers to Handys Electronics for $1,820 each, plus 5% sales tax, Invoice No. 210. 6 Paid sales staff wages of $12,568 for the week up to and including yesterday, Check No. 884. Note that $6,500 of this payment relates to the wages expense incurred during the last week of May.

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