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Date Description of the Transaction March 1 Qwners of OPJ invested an additional $55,000,00 cash into the business. The cash is put into Big Bank, (As an ewample of hou to foutnatief and port a tarsaotion - this transaction has. alleady been enteted into the General Journal and posted to the Gentetal Ledget.) March 1 Pay off the $60,000,00 Note Payable oved to Little Bank. The oash to payoff the note is taken out of Big Bank. Also pay to Little Bank $450.00 for interest owed on the Note Payable for February. The $450.00 cashis also taken out of Big Bank March 1 Take $5,025.00 oashoue of Big Banktopay for Marchistent March 2. The customer that purchased on oredit on Februaty 15 pays 388,000,00 cashto pay off the amount due. The cashis deposited into Big Bank March 10 Sale of inventory to a customer - selling price $78,000.00 - cost of invertory sold $32,000.00 The customet pays cash. The cashis deposited into Litle Bank March 15 Take 122,550,00 cash out of Litle Bank topay employees for wages they have earned March 16 Purchase $81,500,00 of addxional inventory. OPJwill pay the manufacturer 50% of the $81,500,00 in 10 days. OPJwill pay the remaining 50% in 30 days. March 17 Sale of irwentory to a oustomet - seling plice $107,000.00 cost of the inventory sold $44,000,00 The customer will pay for the purchase in 30 doys March 20 Sale of inventory to a customer - selling pace 3138,500.00 - cost of the irwentocy sold 136,500.00 The customer pays 338,500,00 cash thatiz deposited into Livle Bank. The customer will poy the remaing amourk in 30 day. March 22. Purchase inventory for 549,000,00 cash. The cashistaken out of Big Bank March 26 Pay the manulacture the 50% due on the March 16 th purchase of inventory The cashistaken Tria Ready Fo Accessibility: investigate Type here to search W.ane1taseme thes Bara Enfer amounts into the De BvDI copy rehts frem Enfer amounts info the 8alance sheel Do Not copy cels from the General Date Description of the Transaction March 1 Qwners of OPJ invested an additional $55,000,00 cash into the business. The cash is put into Big Bank, (As an ewample of hou to foutnatief and port a tarsaotion - this transaction has. alleady been enteted into the General Journal and posted to the Gentetal Ledget.) March 1 Pay off the $60,000,00 Note Payable oved to Little Bank. The oash to payoff the note is taken out of Big Bank. Also pay to Little Bank $450.00 for interest owed on the Note Payable for February. The $450.00 cashis also taken out of Big Bank March 1 Take $5,025.00 oashoue of Big Banktopay for Marchistent March 2. The customer that purchased on oredit on Februaty 15 pays 388,000,00 cashto pay off the amount due. The cashis deposited into Big Bank March 10 Sale of inventory to a customer - selling price $78,000.00 - cost of invertory sold $32,000.00 The customet pays cash. The cashis deposited into Litle Bank March 15 Take 122,550,00 cash out of Litle Bank topay employees for wages they have earned March 16 Purchase $81,500,00 of addxional inventory. OPJwill pay the manufacturer 50% of the $81,500,00 in 10 days. OPJwill pay the remaining 50% in 30 days. March 17 Sale of irwentory to a oustomet - seling plice $107,000.00 cost of the inventory sold $44,000,00 The customer will pay for the purchase in 30 doys March 20 Sale of inventory to a customer - selling pace 3138,500.00 - cost of the irwentocy sold 136,500.00 The customer pays 338,500,00 cash thatiz deposited into Livle Bank. The customer will poy the remaing amourk in 30 day. March 22. Purchase inventory for 549,000,00 cash. The cashistaken out of Big Bank March 26 Pay the manulacture the 50% due on the March 16 th purchase of inventory The cashistaken Tria Ready Fo Accessibility: investigate Type here to search W.ane1taseme thes Bara Enfer amounts into the De BvDI copy rehts frem Enfer amounts info the 8alance sheel Do Not copy cels from the General