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Week 1 Date Transaction description 1 Obtained a loan of $53,000 from ZNZ Bank at a simple interest rate of 6% per year. The first
Week 1 | |
Date | Transaction description |
1 | Obtained a loan of $53,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2016 and the principal of the loan is to be repaid on 1 June 2019. |
2 | Paid the full amount owing to Spud's Confectionery, Cheque No. 903. Payment fell within discount period. |
4 | Purchased 10 boxes of Macadamia Toffee from Hershel's for $110 each, terms net 30. |
4 | Purchased 6 boxes of Pecan Fudge from East Tangiers Cooperative for $120 each, terms 2/10, n/30. |
4 | Paid the full amount owing to Gillard Wholesalers, Cheque No. 904. Payment fell within discount period. |
4 | Sold 9 boxes of Scorched Almonds to Candy Rush for $180 each, Invoice No. 501. |
6 | Made cash sales of $10,282 during the first 6 days of the month. |
6 | Purchased 10 boxes of Scorched Almonds with cash for $130 each, Cheque No. 905. how to make journal entries for all of them!!!! Thanks! |
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