Date details

1st may 2017 Started business with $20,000 in the bank

2nd May 2017 Took $5,000 out of the bank and put into cash till

3rd May 2017 Bought office machinery from J. Enterprises Ltd for $2,000 on credit

6th May 2017 Bought goods on credit from Mr. Smith for $500

10th May 2017 Bought goods for cash for $1,500

13th May 2017 Cash sales $700

18th May 2017 Sold goods on credit to T. Clarke for $600

20th May 2017 Returned goods to J. Enterprises ltd $100

22nd May 2017 Republic bank loan us $5,000

25th May 2017 T. Clarke returned goods to us for $50

27th May 2017 Paid carriage inwards of $75 cash

31st May 2017 Paid J. Enterprises the balance owed after receiving 5% discount (discount received)

T. Clarke was allowed 5% discount upon payment owed