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Week 1 Date Transaction description 1 Obtained a loan of $46,000 from BitiBank at a simple interest rate of 6% per year. The first interest

Week 1
Date Transaction description
1 Obtained a loan of $46,000 from BitiBank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2022 and the principal of the loan is to be repaid on 1 June 2026.
3 Purchased 6 BlueBerry Phones from Pear Technology for $140 each, terms 2/10, n/30.
3 Purchased 2 BG90 Plasma Televisions with cash for $450 each, Cheque No. 903.
5 Purchased 3 Mieca Camera Lenses from Big Telco for $300 each, terms net 30.
6 Made cash sales of $10,025 during the first 6 days of the month.
7 Paid the full amount owing to JCN Electrical, Cheque No. 904. Payment fell within discount period.
7 Paid the full amount owing to Moon Megasystems, Cheque No. 905. Payment fell within discount period.
7 Sold 4 BG90 Plasma Televisions to Jerry Technology for $590 each, Invoice No. 501.

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