Sharon started a business selling shoes and the following transactions took place in the month
of March 2020.
2020
Mar 1 Sharon deposited $25 000 into the business bank account.
2 She bought $75 000 worth of shoes for resale from Korean Fashion Retailers
on credit.
8 She took a bank loan of $100 000 from Reliable Bank Ltd.
11 Sharon returned $5 400 worth of defective shoes purchased on 2 March.
13 She withdrew $7 500 from the bank for personal use.
14
16
20
Sharon sold $8 900 worth of shoes to Stylish Shoes on credit.
Stylish Shoes returned $1,000 of faulty shoes to Sharon.
Sharon enjoyed cash discount of $2,500 from Korean Fashion Retailers.
Answers: 1
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Sharon started a business selling shoes and the following transactions took place in the month
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