Business, 04.11.2020 09:40 yazanadel56

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.

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