Date Transaction description Obtained a loan of $58,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2015 and the principal of the loan is to be repaid on 1 June 2018. 4 Sold 90 copies of Human Ranch to Paige Turners for $32 each, Invoice No. 501. Purchased 100 copies of The idiot's Guide to Writing Books for Dummies from Bookheamoth for $16 each, terms 2/10, n/30. 5 Paid the full amount owing to Peachson, Cheque No. 903. Payment fell within discount period. 5 Made cash sales of $6,825 during the first 5 days of the month. 6 Paid the full amount owing to Deterministic Garage, Cheque No. 904. Payment fell within discount period. 7 Purchased 100 copies of Barry Plotter and the Half-paid Debt from Noir Novels for $28 each, terms net 30. 7 Purchased 45 copies of Popular Moon Guide to the Sea of Tranquillity with cash for $19 each, Cheque No. 905