Week 1 1 Issued Check No. 771 for $9,500 to pay Blue Blazer Realty for two month's worth of rent in advance. 1 Obtained a loan of $43,000 from BitiBank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2011 and the principal of the loan is to be repaid on June 1, 2015. 3 Issued Check No. 772 to Office Supplies Warehouse for the purchase of $492 worth of office supplies. 4 Paid sales staff wages of $1,829 for the week up to and including yesterday, Check No. 773. Note that $1,149 of this payment relates to the wages expense incurred during the last week of May. 5 The Locker Room paid the full amount owing on their account. 6 Made payment of $767 to PowerGen for 3 months of electricity up to and including May 31, Check No. 774. 7 Paid the full amount owing to Sport Borders, Check No. 775. Week 2 8 Purchased 18 boxes of Ping Pong Balls from Sport Borders for $168 each, terms net 30. 10 Paid the full amount owing to Sports 'R Us, Check No. 776. Payment fell outside discount period. 10 Sold 11 NX Snooker Sets to Balls 'n All for $176 each, Invoice No. 815. 11 Paid sales staff wages of $1,971 for the week up to and including yesterday, Check No. 777. 12 Paid the full amount owing to Extreme Sports Inc, Check No. 778. Payment fell outside discount period. 12 Mick's Sporting Goods paid the full amount owing on their account. Since Mick's Sporting Goods has been a loyal customer from the day the business commenced, a 5% discount was given for this early repayment. 14 Paid the full amount owing to Addax Sports, Check No. 779. 14 Made cash sale of 26 boxes of Golf Balls for $312 each. Week 3 16 Purchased 19 boxes of Ping Pong Balls from Addax Sports for $184 each, terms 2/10, n/30. 16 Purchased 18 boxes of Golf Balls from Extreme Sports Inc for $216 each, terms net 30. 17 Sold 3 Rugby Balls to The Locker Room for $300 each, Invoice No. 816. 18 Paid sales staff wages of $2,010 for the week up to and including yesterday, Check No. 780. 19 Great Sports paid $2,600 in partial payment of their account. 19 Balls 'n All returned 8 NX Snooker Sets that were originally sold for $176 each on 10 June. These items cost $120 each and were not faulty or damaged. Issued a Credit Memorandum for $1,408. 19 Received a purchase order from Great Sports. Created a corresponding sales order to deliver 36 Rugby Balls to this customer for $300 each, Invoice No. 818. 21 Made cash sale of 50 sets of Sting Ray Golf Clubs for a list price of $500 each. A trade discount of 20% applies. Week 4 22 Sold 94 boxes of Ping Pong Balls to The Locker Room for $240 each, Invoice No. 817. 24 Balls 'n All paid the full amount owing on their account. 24 Ordered 14 boxes of Ping Pong Balls from Hike for $184 each. Agreed terms with Hike are 2/10, n/30. 25 Delivered 36 Rugby Balls to Great Sports for $300 each, Invoice No. 818. These items were ordered on the 19th. 25 Paid sales staff wages of $1,874 for the week up to and including yesterday, Check No. 781. 27 Paid the full amount owing to Addax Sports, Check No. 782. Payment fell outside discount period. 28 Made cash sale of 38 NX Snooker Sets for $176 each. 28 Returned 3 faulty boxes of Golf Balls, originally purchased for $216 each, to Extreme Sports Inc. Received a Credit Note for $648. Week 5 29 Jump Around paid the full amount owing on their account. 29 Made cash sale of 44 boxes of Golf Balls for $312 each. 29 Purchased 12 sets of Sting Ray Golf Clubs with cash for a list price of $330 each. A trade discount of 30% applies, Check No. 783. 30 Received 14 boxes of Ping Pong Balls for $184 each, which were ordered on the 24th. Agreed terms with Hike are 2/10, n/30. 30 Paid monthly salary of $4,100 to Julia Compton, Check No. 784