Dateplease white general ledger : cash at bank, accounts receivable,inventory,account payable, bank loan payable,...Dateplease...

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Accounting

Date
please white general ledger : cash at bank, accounts receivable,inventory,account payable, bank loan payable,
Transaction description
1 Obtained a loan of $48,000 fromMRMC Bank at a simple interest rate of 6% per year. The firstinterest payment is due at the end of August 2018 and the principalof the loan is to be repaid on 1 June 2021.
2 Sold 9 boxes of Sprearmint Gum toSweet Tooth for $100 each, Invoice No. 201.
3 Purchased 17 boxes of SprearmintGum from Brennan Imports Group for $60 each, terms net 30.
3 Paid the full amount owing toRestlay, Cheque No. 903?$2942) . Payment fell within discountperiod.
4 Paid the full amount owing toGillard Wholesalers, Cheque No. 904($2261) . Payment fell withindiscount period.
4 Made cash sales of $5,896 duringthe first 4 days of the month.
4 Purchased 17 boxes of HazelnutToffee with cash for $50 each, Cheque No. 905.
5
Purchased 22 boxes of Party Mix from East Tangiers Cooperativefor $40 each, terms 2/10, n/30.

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1 Cash at Bank ac IN Date Explanation RF Debit Credit Balance 1 loan obtained from MRMC BANK 48000 48000 3 Repay to Restlay cheq 903 2942 45058 4 repay to gillard wholseller cheq904 2261 42797 4 cash purchase of hezelnut toffe cheq 905 850 41947 4 cash sales in 4 days 5896 47843 2 Bank loan Repayable Date explanation ref debit credit balance 1 loan obtained from MRMC BANK 48000 48000 3 Account Recievable Date explanation ref debit credit balance 2 Sold 9 boxes of Sprearmint Gum to Sweet Tooth 201 See Answer

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In: AccountingDateplease white general ledger : cash at bank, accounts receivable,inventory,account payable, bank loan payable,...Dateplease white general ledger : cash at bank, accounts receivable,inventory,account payable, bank loan payable,Transaction description1Obtained a loan of $48,000 fromMRMC Bank at a simple interest rate of 6% per year. The firstinterest payment is due at the end of August 2018 and the principalof the loan is to be repaid on 1 June 2021.2Sold 9 boxes of Sprearmint Gum toSweet Tooth for $100 each, Invoice No. 201.3Purchased 17 boxes of SprearmintGum from Brennan Imports Group for $60 each, terms net 30.3Paid the full amount owing toRestlay, Cheque No. 903?$2942) . Payment fell within discountperiod.4Paid the full amount owing toGillard Wholesalers, Cheque No. 904($2261) . Payment fell withindiscount period.4Made cash sales of $5,896 duringthe first 4 days of the month.4Purchased 17 boxes of HazelnutToffee with cash for $50 each, Cheque No. 905.5Purchased 22 boxes of Party Mix from East Tangiers Cooperativefor $40 each, terms 2/10, n/30.

Date	please white general ledger : cash at bank, accounts receivable,inventory,account payable, bank loan payable, Transaction description
1	Obtained a loan of $48,000 fromMRMC Bank at a simple interest rate of 6% per year. The firstinterest payment is due at the end of August 2018 and the principalof the loan is to be repaid on 1 June 2021.
2	Sold 9 boxes of Sprearmint Gum toSweet Tooth for $100 each, Invoice No. 201.
3	Purchased 17 boxes of SprearmintGum from Brennan Imports Group for $60 each, terms net 30.
3	Paid the full amount owing toRestlay, Cheque No. 903?$2942) . Payment fell within discountperiod.
4	Paid the full amount owing toGillard Wholesalers, Cheque No. 904($2261) . Payment fell withindiscount period.
4	Made cash sales of $5,896 duringthe first 4 days of the month.
4	Purchased 17 boxes of HazelnutToffee with cash for $50 each, Cheque No. 905.
5	Purchased 22 boxes of Party Mix from East Tangiers Cooperativefor $40 each, terms 2/10, n/30.