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)
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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