Jenny is a fashion designer who has decided to start her own business called 'Great Designs'. She starts her business on 1st June 2016. The following events occurred during the month: Date 1st ist 3rd Event Jenny, the owner, puts $25,000 cash into her business. Great Designs rents a small shop for $800 per month and pays for the first 3 months with cash. The business purchases $18,000 of equipment required to design and make her products. It is expected to last for 10 years. $7,000 of the purchase is paid with cash. The business obtains a credit card with a $2.000 limit. Simon, a purchaser from Kmart is very excited to meet with Jenny. He promises that he will place an order with her for $10,000 on the 15th of June. Jenny believes this will cost $8.000 to complete. a 5th 1 st 3rd Great Designs rents a small shop for $800 per month and pays for the first 3 months with cash. The business purchases $18,000 of equipment required to design and make her products. It is expected to last for 10 years. $7,000 of the purchase is paid with cash. The business obtains a credit card with a $2,000 limit. Simon, a purchaser from Kmart is very excited to meet with Jenny. He promises that he will place an order with her for $10,000 on the 15th of June. Jenny believes this will cost $8,000 to complete. 4th a Sth The business buys $15,000 worth of stock. Pays $5,000 in cash and the rest is on credit. 15th Simon places a $10,000 order that will cost $8,000 to complete. He provides a $5,000 cash deposit. The order for Simon is completed and despatched along with an invoice. 30th 30th The business pays $1,000 for utility bills (Phone / electricity / gas / water) with cash. 30th 30th The business pays Jenny $4,000 cash for wages. The business pays off $3,000 of the equipment purchase with cash. Jenny is a fashion designer who has decided to start her own business called 'Great Designs'. She starts her business on 1st June 2016. The following events occurred during the month: Date 1st ist 3rd Event Jenny, the owner, puts $25,000 cash into her business. Great Designs rents a small shop for $800 per month and pays for the first 3 months with cash. The business purchases $18,000 of equipment required to design and make her products. It is expected to last for 10 years. $7,000 of the purchase is paid with cash. The business obtains a credit card with a $2.000 limit. Simon, a purchaser from Kmart is very excited to meet with Jenny. He promises that he will place an order with her for $10,000 on the 15th of June. Jenny believes this will cost $8.000 to complete. a 5th 1 st 3rd Great Designs rents a small shop for $800 per month and pays for the first 3 months with cash. The business purchases $18,000 of equipment required to design and make her products. It is expected to last for 10 years. $7,000 of the purchase is paid with cash. The business obtains a credit card with a $2,000 limit. Simon, a purchaser from Kmart is very excited to meet with Jenny. He promises that he will place an order with her for $10,000 on the 15th of June. Jenny believes this will cost $8,000 to complete. 4th a Sth The business buys $15,000 worth of stock. Pays $5,000 in cash and the rest is on credit. 15th Simon places a $10,000 order that will cost $8,000 to complete. He provides a $5,000 cash deposit. The order for Simon is completed and despatched along with an invoice. 30th 30th The business pays $1,000 for utility bills (Phone / electricity / gas / water) with cash. 30th 30th The business pays Jenny $4,000 cash for wages. The business pays off $3,000 of the equipment purchase with cash