CREDIT AND BANK TRANSACTIONS TOGETHER MONTH BY MONTH
JANUARY
3/1/02
Set up standing order for rent of shop premises (including all shop fittings) for €1200.00 (including VAT @ 21%) per quarter in advance, with the first payment due immediately and thereafter every three months on the 3rd of the month.
5/1/02
Set up standing order to pay company insurance (including public liability and employer's liability cover) for €400.00 (including VAT @ 21%) per quarter in advance, with the first payment due immediately and thereafter every three months on the 5th of the month.
10/1/02
Ken decided to order the following quantities of equipment and clothing from Reebok:
10 Gaelic footballs
120 Senior Leather sliotars
5 Goalpost Sets
10 Pairs of Football boots
40 Football jerseys
30 Football shorts
100 Pairs of socks
20 Tracksuits
30 Raincoats
Complete Order No. 1 that Ken sent on 10/1/02 to Reebok
Complete the invoice No. 5432 received from Reebok Ltd. on 18/1/02 for the above order
28/1/02
Paid Reebok Ltd. by cheque No.1 - €5,000.00
31/1/02
Cash Sales - €110.58 (including VAT at 21%)
31/1/02
Cash drawing for personal use - €200.00
FEBRUARY
12/2/02
Ken ordered the following off Reebok Ltd.:
10 Tennis Rackets
100 Tennis Balls
Complete Order No. 2 sent on 12/2/02
Complete the invoice No. 6214 received on 15/2/02 for these goods.
12/2/02
Sold gear (from order No. 1) on credit to Nemo Rangers GAA club consisting of:
5 Gaelic Footballs
3 Goal post sets
5 Pairs of Football Boots
20 Jerseys
30 Pairs of Socks
Complete the invoice No. 1 sent to Nemo on 12/2/02
18/2/02
Received €2,000.00 from Nemo Rangers.
22/2/02
Purchased second hand van by cheque No.2 - €2,000.00 (including VAT at 21%)
28/2/02
Cash Sales - €130.12 (including VAT at 21%)
28/2/02
Cash drawing for personal use - €200.00
MARCH
1/3/02
Paid Reebok Ltd. by cheque No.3 - €300.00
5/3/02
Paid ESB bill by direct debit (including VAT at 21%) - €149.50
10/3/02
Paid telephone bill by direct debit (including VAT at 21%) - €102.50
12/3/02
Paid for petrol by cheque No.4 (including VAT at 21%) - €60.00
31/3/02
Cash Sales - €180.34 (including VAT at 21%)
31/3/02
Cash drawing for personal use - €200.00
APRIL
3/4/02
Paid rent by standing order (including VAT at 21%) - €1,200.00
5/4/02
Paid insurance by standing order (including VAT at 21%) - €400.00
18/4/02
Ken put in a special order for 100 O'Neills footballs from O'Neills Ltd.
at 50 euro each and 12 dozen leather sliotars at 110 euro per dozen.
Complete Order No. 3 sent on 18/4/02
Complete the invoice No. 95 received on 25/4/02 for these goods.
25/4/02
Sold on credit 50 O'Neills Footballs and 6 dozen sliotars (from order No. 3) to Galway County Board.
Complete the invoice No. 2 sent on 25/4/02
28/4/02
Ken returned one goal post set (from order No.1) which had rusted on his premises
Complete the credit note No. 60 received from Reebok for these goal posts on this date.
28/4/02
Nemo Rangers returned gear bought on 12/2/02 (from invoice No.1), as it was not needed. This gear consisted of:
1 Goal post set
3 Jerseys
5 Pairs of Socks
1 Pair of Football Boots
Complete the credit note No.1 sent to Nemo Rangers.
30/4/02
Cash Sales - €220.11 (including VAT at 21%)
30/4/02
Cash drawing for personal use - €200.00
MAY
1/5/02
Paid ESB bill by direct debit (including VAT at 21%) - €132.40
2/5/02
Paid O'Neills by cheque No.5 - €4,500.00
8/5/02
Received from Galway County Board - €2,500.00
10/5/02
Paid telephone by direct debit (including VAT at 21%) - €102.90
14/5/02
Ken ordered the following off Reebok Ltd:
30 Tracksuits
30 Pairs of Football boots
30 Pairs of Shorts
30 Pairs of Socks
Complete order No. 4 sent on 14/5/02
Complete invoice No. 6932 received from Reebok for these goods on 17/5/02
21/5/02
Sold gear on credit to Armagh Senior Football Committee (from order No. 3) consisting of 30 O'Neills footballs at €75.00 each.
Complete invoice No.3 sent to them on 21/5/02
22/5/02
Ken returned 5 damaged tracksuits (from order No.4) to Reebok Ltd. on 22/5/02
Complete the credit note No. 70 dated 22/5/02
28/5/02
Received from Armagh Senior Football Committee - €1,500.00
29/5/02
Paid for petrol by cheque No.6 (including VAT at 21%) - €60.00
31/5/02
Cash Sales - €300.00 (including VAT at 21%)
31/5/02
Cash drawing for personal use - €200.00
JUNE
8/6/02
Ken placed a special order (No. 5) of 10 pairs of Nike Air Max runners at €100.00 per pair and 5 pairs of Nike Air Triax runners at €90.00 per pair off Nike Ltd.
Complete the order No. 5 sent on 8/6/02
Complete the invoice No. 10520 received on 12/6/02
10/6/02
Paid Reebok Ltd. by cheque No.7 - €2,500.00
18/6/02
Paid for petrol by cheque No.8 (including VAT at 21%) - €50.00
18/6/02
Sold gear on credit to Munster Rugby Association (from order No. 4) consisting of:
25 Tracksuits
25 Pairs of Football boots
25 Pairs of Shorts
25 Pairs of Socks
Complete invoice No. 4 sent to them on 18/6/02
30/6/02
Cash Sales - €350.00 (including VAT at 21%)
30/6/02
Cash drawing for personal use - €200.00
JULY
1/7/02
Munster Rugby sent back 5 pairs of shorts, as they were too small for the boys.
Complete the credit note No. 2 sent to them on 1/7/02.
1/7/02
Paid Nike Ltd. by cheque No.9 - €1,000.00
2/7/02
Received from Munster Rugby Association - €4,000.00
3/7/02
Paid rent by standing order (including VAT at 21%) - €1,200.00
5/7/02
Paid insurance by standing order (including VAT at 21%) - €400.00
5/7/02
Paid ESB bill by direct debit (including VAT at 21%) - €101.50
10/7/02
Paid telephone by direct debit (including VAT at 21%) - €150.75
12/7/02
Ken ordered the following off Reebok Ltd.:
5 Gaelic Footballs
10 Raincoats
2 Goal post sets
30 Pairs of Socks
Complete the order No. 6 sent on 12/7/02
Complete invoice No. 8224 received from Reebok for these goods on 14/7/02.
19/7/02
Paid petrol by cheque No.10 (including VAT at 21%) - €50.00
31/7/02
Cash Sales - €360.80 (including VAT at 21%)
31/7/02
Cash drawing for personal use - €200.00
AUGUST
1/8/02
Paid Reebok Ltd. by cheque No.11 - €600.00
3/8/02
Got van serviced by cheque No.12 (including VAT at 21%) - €200.00
10/8/02
Sold on credit to Athletics Ireland all the runners that we had purchased in June (refer to invoice No. 10520 received from Nike Ltd. on 12/6/02).
Complete the invoice No. 5 sent to them on 10/8/02
31/8/02
Cash Sales - €400.92 (including VAT at 21%)
31/8/02
Cash drawing for personal use - €200.00
SEPTEMBER
8/9/02
Paid ESB bill by direct debit (including VAT at 21%) - €98.50
10/9/02
Paid telephone by direct debit (including VAT at 21%) - €180.95
12/9/02
Athletics Ireland returned 2 pairs of Nike Air Max and 1 pair of Nike Air Triax as they were the wrong size.
Complete the credit note No. 3 sent to them on 12/9/02
18/9/02
Received from Athletics Ireland - €1,000.00
19/9/02
Ken ordered the following off Reebok Ltd.:
20 Gaelic Footballs
30 Jerseys
20 Tracksuits
20 Pairs of Shorts
Complete order No. 7 sent on 19/9/02
Complete invoice No. 9651 received from Reebok Ltd. on 23/9/02
20/9/02
Paid petrol by cheque No.13 (including VAT at 21%) - €40.00
30/9/02
Cash Sales - €340.82 (including VAT at 21%)
30/9/02
Cash drawing for personal use - €200.00
OCTOBER
3/10/02
Paid rent by standing order (including VAT at 21%) - €1,200.00
5/10/02
Paid insurance by standing order (including VAT at 21%) - €400.00
5/10/02
Ken returned the following damaged goods (from order No. 7) to Reebok on 5/10/02
2 Gaelic Footballs
3 Jerseys
1 Tracksuit
Complete the credit note No.102 dated 5/10/02
8/10/02
Sold gear on credit to Nemo Rangers (from order No. 7) consisting of the following:
10 Gaelic footballs
10 Jerseys
10 Tracksuits
10 Pairs of Shorts
Complete the invoice No. 6 sent to them on 8/10/02.
18/10/02
Received from Nemo Rangers - €1,500.00
28/10/02
Paid Reebok Ltd. by cheque No.14 - €2,600.00
31/10/02
Cash Sales - €210.90 (including VAT at 21%)
31/10/02
Cash drawing for personal use - €200.00
NOVEMBER
2/11/02
Paid ESB bill by direct debit (including VAT at 21%) - €163.80
10/11/02
Paid telephone by direct debit (including VAT at 21%) - €175.83
11/11/02
Ken ordered another 5 pairs of the Nike Air Max runners at €100.00 per pair from Nike Ltd.
Complete order No. 8 sent on 11/11/02
Complete the invoice No.11652 received on 14/11/02
18/11/02
Sold 4 pairs of Nike Air Max on credit to Athletics Ireland (from order No. 8).
Complete invoice No. 7 sent to them on 18/11/02
18/11/02
Paid petrol by cheque No. 15 (including VAT at 21%) - €50.00
30/11/02
Cash Sales - €200.00 (including VAT at 21%)
30/11/02
Cash drawing for personal use - €200
DECEMBER
1/12/02
Paid Nike Ltd. by cheque No.16 - €200.00
8/12/02
Ken ordered the following off Adidas Ltd. before the Christmas rush:
8 pairs of hiking boots
50 hurleys
50 Drill tops
100 Peak Caps
50 Woolly caps
Complete order No. 9 sent on 8/12/02
Complete invoice No. 621 received from Adidas Ltd. on 10/12/02
15/12/02
Received for Athletics Ireland - €300.00
18/12/02
Sold gear on credit to Nemo Rangers (from order No. 9) for their Christmas tournament consisting of:
40 Drill tops
60 Peak Caps
30 Woolly Caps
Complete the invoice No. 8 sent to them on 18/12/02
23/12/02
Paid petrol by cheque No.17 (including VAT at 21%) - €50.00
31/12/02
Cash Sales - €400.00 (including VAT at 21%)
31/12/02
Cash drawing for personal use - €200.00