Veronica starts a business making cheese. She buys milk from neighboring farms and built a creamery to make her products.

She starts by contributing $10,000 of her own money into the business on January 3, 2019.

Then she borrows $400,000 to retrofit an old barn into a creamery and a walk in cooler. The money is directly spent on equipment ($63,252) and to the contractors to build the building ($336,748). The money does not go into the business bank account, as the bank paid for everything directly. The purchases are on February 2, 2019

She buys milk from her neighbor to make her first batch of cheese. She buys it on account for $500 on Febrary 12, 2019

Veronica buys cultures online from dairyconnection.com for $112.23 on February 15, 2019

Veronica buys labels and packaging for $154.32 from Creative Labels of Vermont on February 20, 2019

Veronica pays a friend who does sales $100 to cold call potential customers on February 22, 2019

Her heater breaks on March 1, 2019 and she hires Vermont Heating and Ventilation to fix it for $320.21. She pays at the time of service with her bank account

She receives the following bills that have not been paid:

A utility bill from Green Mountain Power for $214.24 on March 1, 2019 due April 1, 2019

A utility bill from Comcast for $84.45 on March 1, 2019 due April 1, 2019

A telephone bill from Verizon for $114.24 on March 1, 2019 due April 1, 2019

She has the following invoices that have yet to be paid:

An invoice to Provisions for $1144.22 dated March 1, 2019 with 30 day terms

An invoice to Food Coop for $155.22 dated March 2, 2019 with 30 day terms

She draws $1,000 for living expenses on March 3, 2019 from her bank account

At a business meeting, she pays for her own coffee for $2.75 with her Business' Bank Account on March 4, 2019 at Starbucks

These auto-withdrawals happened on March 31, 2019:

$99 for her squarespace website

$15 for quickbooks

Her first loan payment on 3/31/19 of $4053.21, of which $453.21 is the interest and the remaining is principal