Question: Week 2 Date Transaction description 8 Purchased 14 DropZone Parachutes from Extreme Sports Inc for $328 each, terms net 30. 9 Mick's Sporting Goods paid

Week 2 Date Transaction description

8 Purchased 14 DropZone Parachutes from Extreme Sports Inc for $328 each, terms net 30.

9 Mick's Sporting Goods paid the full amount owing on their account. Since Mick's Sporting Goods has been a loyal customer from the day the business commenced, a 10% discount was given for this early repayment.

11 Paid the full amount owing to Hike, Cheque No. 630. Payment fell within discount period.

11 Sold 19 Downhill Snowboards to The Locker Room for $472 each, Invoice No. 218. 1

1 Paid sales staff wages of $1,757 for the week up to and including yesterday, Cheque No. 631.

12 Paid the full amount owing to Addax Sports, Cheque No. 632. 13 Made cash sale of 15 Extreme GPS-enabled Helmets for $312 each.

14 Paid the full amount owing to J. J. Spud, Cheque No. 633.

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