Received a loan for R50 000 from ABC Bank for three years at an interest rate of 15% per annum.

Trading stock of R900 bought on account.

Sold goods on credit to B Baloyi, R1 920.

Bought the following from KK Suppliers. Invoice C209.

Merchandise R3 220

Packing material R560

Paid for transport costs by cheque 202, R90.

Credit card sales R5 060.

A debtor, A Adams with a balance of R120, is insolvent. Received an amount of 40 cents in the Rand from his estate.

Sold goods on credit to R Retief R2 024.

Bought two computers and pay by cheque, R9 120.

Bought goods on credit from Pixie Traders, R9 340.

Received a cheque from P Peters in settlement of his account of R4 500 less 5% discount.

The Fixed Deposit at ABC Bank of R10 000 matured on 4 May. Received a cheque for ABC Bank for R12 000.

The bank returned the cheque received from P Peters on the 18th . The full transaction must be cancelled.

Received invoice from Pixy Traders for goods bought on credit R1 480 less 2½% trade discount.