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You will use the following transactions as you complete the books for June. Week 1 1 Obtained a loan of $49,000 from ZNZ Bank at

You will use the following transactions as you complete the books for June.
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Week 1 1 Obtained a loan of $49,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2018 and the principal of the loan is to be repaid on June 1, 2022. 2 Paid the full amount ow ing to Dominga Wholesalers, Check No. 903. Payment fell within discount period 3 Purchased General Cafe Supplies from Jordo Gourmet Coffee for $430, terms net 30. 3 Purchased 9 bags of medium Roast Arabica Coffee Beans from Braail Imports Group for $153 each, terms 2/10, n/30 3 Paid the full amount owing to Klam Wholesalers, Check No. 904 Payment fell within discount period Made cash sales of $6,645 during the first 4 days of the month 6 Sold 3 boxes of Plastic Plates to Central Coffee for $314 each, Invoice No. 501 6 Purchased 6 bags of Light Roast Robusta Coffee Beans with cash for $242 each, Check No. 905 Week 2 10 Sold Gourmet Cubed Sugar to SloZone for $476, Invoice No. 502 11 Made cash sales of $10,468 during the week 12 Paid the full amount owing to Croup Coffee, Check No. 906 13 Central Coffee returned $1,592 worth of product. issued a Credit Memorandum for $1,592 14 Revamp Coffee Carts paid the full amount owing on their account Since Revamp Coffee Carts has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment Week 1 1 Obtained a loan of $49,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2018 and the principal of the loan is to be repaid on June 1, 2022. 2 Paid the full amount ow ing to Dominga Wholesalers, Check No. 903. Payment fell within discount period 3 Purchased General Cafe Supplies from Jordo Gourmet Coffee for $430, terms net 30. 3 Purchased 9 bags of medium Roast Arabica Coffee Beans from Braail Imports Group for $153 each, terms 2/10, n/30 3 Paid the full amount owing to Klam Wholesalers, Check No. 904 Payment fell within discount period Made cash sales of $6,645 during the first 4 days of the month 6 Sold 3 boxes of Plastic Plates to Central Coffee for $314 each, Invoice No. 501 6 Purchased 6 bags of Light Roast Robusta Coffee Beans with cash for $242 each, Check No. 905 Week 2 10 Sold Gourmet Cubed Sugar to SloZone for $476, Invoice No. 502 11 Made cash sales of $10,468 during the week 12 Paid the full amount owing to Croup Coffee, Check No. 906 13 Central Coffee returned $1,592 worth of product. issued a Credit Memorandum for $1,592 14 Revamp Coffee Carts paid the full amount owing on their account Since Revamp Coffee Carts has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment

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