loan of $46,000 from MRMC Bank
Obtained a loan of $46,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2017 and the principal of the loan is to be repaid on 1 June 2021.
2Purchased 7 Swish Phones from Mega Tech for $110 each, terms 2/10, n/30.2Paid the full amount owing to Big Telco, Cheque No. 603. Payment fell within discount period.
3Sold 6 MePod Multimedia Players to Radio Hut for $200 each, Invoice No. 201.
4Made cash sales of $5,985 during the first 4 days of the month.
4Purchased 4 DK800 Desktop Computers with cash for $530 each, Cheque No. 604.
5Paid the full amount owing to Pony, Cheque No. 605. Payment fell within discount period.
6Purchased 3 NR759 Video Recorders from Pear Technology for $180 each, terms net 30.
Answers
Status NEW
Posted 20 Jun 2017 04:06 AM
My Price 9.00
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Attachments
file 1497933834-Solutions file.docx preview (56 words )
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