rom the first accounting period there should be a loss of 971 euros.

Please note that you can do your Submission even if you don't get the right profit / loss - this is learning by doing - so now the important thing is that you have tried to do your best.

Robert starts a new company, do the entries of the first acounting period.
1.	Robert invests 2800 as an initial capital to the company and deposites the money to the bank account.
2.	Robert pays the rent of machinery 536 by bank transfer
3.	Robert buys goods to be sold forward against invoice 4945.
4.	Robert pays 180 of advertisement in local newspaper by bank transfer
5.	Robert sells goods and receives 2335 in cash.
6.	Robert transfers 2300 from cash register to the bank account
7.	Robert takes a bank loan of 1500, the loan is deposited to the bank account.
8.	Robert pays purchase invoice (look number 3.) by bank transfer.
9.	Robert sells the rest of the goods 2760 against invoice.
10.	Robert pays interest of the loan 25 by bank transfer.
11.	Robert pays the rent of business premises 380 by bank transfer

Do the entries and balance the books.

Bank account Cash Equity Sales receivable Rent Expenses Accounts payable Loans Advertising Interest expenses Sales Purchases Income Statement Balance sheet