nsactions

$1$ The owner opened a bank account for the business with a deposit of $$24,600.$ This is capital provided by him.

$1$ Purchased display stands, shelving etc. $($shop equipment$)$ from Shop Displays Pty Ltd for $$32,100$ and computer equipment for the shop from Computer Wizards for $$3,700.$ These were paid for with a loan of $$29,400$ from the ban and cheque for $$6,400$ from the business bank account. The bank loan is repayable over $3$ years.

$1$ Paid $$4,560$ for a $1-$year insurance policy covering fire, theft, and public liability.

$2$ Purchased inventory $($skateboards and protective gear$)$ from Excitement Plus for $$17,500$ on terms on net $30.$

$5$ Paid $$1,300$ to Local Newspapers for advertising for the shop for the month.

$6$ Cash sale of a skateboard and protective gear for $$460($cost of sales $$185).$

$7$ Purchased surfboards and wetsuits from Surf Imports for $$16,200$ on terms of $\frac{10}{10},\frac{n}{30}.$

$8$ Returned some protective gear to Excitement Plus that was faulty and received an adjustment note $($credit note$)$ frol them for $$110.$

$9$ Credit sale to Serious Fun of skateboards and protective gear for $$4,400($cost of sales $$1,760).$ This custorner was gi terms of $\frac{5}{10},\frac{n}{30}.$

$11$ Paid Surf Imports the arnount owing to them less the prompt payment discount.

$12$ Credit sale to Surfing World of various inventorv items for $$6\mathrm{.}760($cost of sales $$3\mathrm{.}280.$ Terms net $30.$