March 1 Owners of OPJ imvosted an additional $55,000.00 cash into the business. The cash is put into Big Bank As on example of how to joumalize and post a transacton - thas Iraisaction has aresdy becn criternd whit the Gereral Joumd and posted ta the General Ledgeri) March 1 Pay off the $60,000.00 Note Paybble owed to Littla Bank. The cash to payotf the note is taken out of Big Bank. Aso pay to Lithe Bank $450.00 for interest owed on the Note Payable for February. The $450.00 cash is also taken out of Big Bank. March 1 Tako \$5.225.00 cash out of Big Bank to pay for March's rent March 2 The customer that purchased on credit on Fearuary is pays $88,000.00 cash to pay off the amount due the cash is doposted into Bigg Bank March 10 Sale of irventory to a customer - soling price $78,75000 - cost of inveniory soid $32,000.00 The customer pays cash The cash is deoosited into Little Bank March 15 Thike $22,550.00 cash out of Litte Bank to pay bmployges for weges they have eamed March 16 Purchase $83,800.00 of adational irwerlory. OP. will pay the manufacturer 50% of the $83,800.00 in 10 days. OPJ wil pay the remaining 500 in 30 days March 17 Sale of irventory to a customer - seling price $105,000.00 - cost of the inventory sold $44,000.00 The customer wil pay for the purcharse in 30 days. March 20 Sale of iriventory to a customer - seling price $138,500.00 - cost of the irventory soid $34,500.00 The cusicmer pays 538,500.00 cash that is deposited into Littoe Bank. The customer wil pay the remaining amout in 30 days. March 22 Purchase itventory for $49,00000 cash. The cash is laken out of Big Bank. March 1 Owners of OPJ imvosted an additional $55,000.00 cash into the business. The cash is put into Big Bank As on example of how to joumalize and post a transacton - thas Iraisaction has aresdy becn criternd whit the Gereral Joumd and posted ta the General Ledgeri) March 1 Pay off the $60,000.00 Note Paybble owed to Littla Bank. The cash to payotf the note is taken out of Big Bank. Aso pay to Lithe Bank $450.00 for interest owed on the Note Payable for February. The $450.00 cash is also taken out of Big Bank. March 1 Tako \$5.225.00 cash out of Big Bank to pay for March's rent March 2 The customer that purchased on credit on Fearuary is pays $88,000.00 cash to pay off the amount due the cash is doposted into Bigg Bank March 10 Sale of irventory to a customer - soling price $78,75000 - cost of inveniory soid $32,000.00 The customer pays cash The cash is deoosited into Little Bank March 15 Thike $22,550.00 cash out of Litte Bank to pay bmployges for weges they have eamed March 16 Purchase $83,800.00 of adational irwerlory. OP. will pay the manufacturer 50% of the $83,800.00 in 10 days. OPJ wil pay the remaining 500 in 30 days March 17 Sale of irventory to a customer - seling price $105,000.00 - cost of the inventory sold $44,000.00 The customer wil pay for the purcharse in 30 days. March 20 Sale of iriventory to a customer - seling price $138,500.00 - cost of the irventory soid $34,500.00 The cusicmer pays 538,500.00 cash that is deposited into Littoe Bank. The customer wil pay the remaining amout in 30 days. March 22 Purchase itventory for $49,00000 cash. The cash is laken out of Big Bank