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Fitness Training March 2019 Transactions Date Description of the Transaction Mar 1 The owners of Fitness Training invested an additional $55,000 cash in the business.
Fitness Training | ||
March 2019 Transactions | ||
Date | Description of the Transaction | |
Mar 1 | The owners of Fitness Training invested an additional $55,000 cash in the business. | |
Mar 1 | Pay off $60,000 of the Note Payable. Also pay $450 for interest owed on the Note Payable for February. | |
Mar 1 | Take $7,200 cash out of bank to pay for March's rent. | |
Mar 2 | A customer that purchased on credit in February pays $88,000 cash to pay off the amount due. | |
Mar 10 | Sell training sessions to a customer for $69,000. The customer pays cash. | |
Mar 15 | Take $34,000 cash out of the bank to pay employees for wages they have earned. | |
Mar 16 | Purchase $7,000 of additional supplies. Fitness will pay 50% of the $7,000 in 10 days. Fitness will pay the remaining 50% in 30 days. | |
Mar 17 | Sell training sessions to a customer for $133,000. The customer will pay in 30 days. | |
Mar 20 | Sell training sessions to a customer for $82,000. The customer pays $25,000 cash. The customer will pay the remaining amount in 30 days. | |
Mar 22 | Purchase supplies for $3,750 cash. | |
Mar 26 | Pay the 50% due on the March 16th purchase of supplies. | |
Mar 30 | Take $31,250 cash ou of Little Bank to pay employees for wages they have earned. | |
Additional Information | ||
Interest due on the Note Payable for the month of March is $575. As of March 31 Fitness owes the bank a total of $1,175 for interest ($600 for February & $575 for March). Interest will be paid in June. |
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