Cerrar
Owner invested £10,000 into the business bank account
Purchase of goods from PTA on credit for £1,000
Purchase of inventory from MQD on credit for £1,200
Sale of goods to a customer, Wilton Corp, for £2,000 on credit
Sold inventory to DingDing, for £2,200 on credit
Goods supplied by MQD were returned to them valued at £250
Inventory sold to Wilton corp was the wrong size and so was returned, the returns were valued at £450
DingDing was not happy with the quality of some of the items sold and so returned £300 worth of goods.
DingDing paid the amount owed (£1,900) after taking a 10% quick payment discount.
KB Windows paid MQD £700 worth of the amount owed and took a £150 discount
PTA was paid £900 and the balance owed was taken as a discount
(Originally Owed £1000)
