Week 1
Date	Transaction description
1	Obtained a loan of $57,000 from EastPac Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2020 and the principal of the loan is to be repaid on June 1, 2024.
2	Purchased Gourmet Cream from East Tangiers Co-op. for $351, terms net 30.
2	Paid the full amount owing to Klam Wholesalers, Check No. 903. Payment fell within discount period.
2	Sold Chocolate Sprinkles to KavaJava for $382, Invoice No. 501.
2	Purchased Coffee Cup Lids with cash for $210, Check No. 904.
4	Paid the full amount owing to Abejundio Coffee, Check No. 905. Payment fell within discount period.
4	Made cash sales of $5,475 during the first 4 days of the month.
7	Purchased 8 packages of Plastic Coffee Mugs from Buena Vista Coffee for $135 each, terms 2/10, n/30.