Week 1DateTransaction description1Sold 15 boxes of Fruit Drops to Sugar-hi for $106 each, Invoice No. 501.1Obtained a loan of $42,000 from Earth 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 1 June 2023.3Paid the full amount owing to Spud's Confectionery, Cheque No. 903. Payment fell within discount period.4Purchased 24 boxes of Marshmallow from Restlay for $60 each, terms 2/10, n/30.4Paid the full amount owing to Hershel's, Cheque No. 904. Payment fell within discount period.6Purchased 23 boxes of Hazelnut Toffee from Gillard Wholesalers for $50 each, terms net 30.6Made cash sales of $9,804 during the first 6 days of the month.6Purchased 7 Candy Making Kits with cash for $130 each, Cheque No. 905.