Obtained a loan of $46,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2017 and the principal of the loan is to be repaid on 1 June 2021.

2Purchased 7 Swish Phones from Mega Tech for $110 each, terms 2/10, n/30.2Paid the full amount owing to Big Telco, Cheque No. 603. Payment fell within discount period.

3Sold 6 MePod Multimedia Players to Radio Hut for $200 each, Invoice No. 201.

4Made cash sales of $5,985 during the first 4 days of the month.

4Purchased 4 DK800 Desktop Computers with cash for $530 each, Cheque No. 604.

5Paid the full amount owing to Pony, Cheque No. 605. Payment fell within discount period.

6Purchased 3 NR759 Video Recorders from Pear Technology for $180 each, terms net 30.