1.Because of the loan, you have to provide the bank with your financial statements at the end of the month - Feb 28, 2021. (we have to make proper FS including adjustments) 2.You do a quick count of your inventory and find there are 19 pairs of shoes in inventory. 3.On March 2nd, you receive a report from Shopify that states your credit card processing fees for the last month totalled $250. Shopify will remove the amount due from your future sales transactions. 4.The March 2nd report also includes notice that your next $400 monthly fee will also simply reduce the amount received from future sales transactions. 5.You think that your office furniture etc. will last for about 3 years. 6.You do a quick check and find there's still about $370 worth of office and packing supplies left. 7.In your wallet you find receipts dating Feb 13 - Feb 28 from Canada Post. They are all for shipping the shoes to customers throughout the month. You must not have had business cheques because the total of the receipts, $1089, was all charged to your personal MasterCard.
1.Because of the loan, you have to provide the bank with your financial statements at the end of the month - Feb 28, 2021. (we have to make proper FS including adjustments)
2.You do a quick count of your inventory and find there are 19 pairs of shoes in inventory.
3.On March 2nd, you receive a report from Shopify that states your credit card processing fees for the last month totalled $250. Shopify will remove the amount due from your future sales transactions.
4.The March 2nd report also includes notice that your next $400 monthly fee will also simply reduce the amount received from future sales transactions.
5.You think that your office furniture etc. will last for about 3 years.
6.You do a quick check and find there's still about $370 worth of office and packing supplies left.
7.In your wallet you find receipts dating Feb 13 - Feb 28 from Canada Post. They are all for shipping the shoes to customers throughout the month. You must not have had business cheques because the total of the receipts, $1089, was all charged to your personal MasterCard.
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