selected transactions (in BDT) occurred in the books of Shoilee and Company: Jan. 05 Sold 800 units of a new product on credit at Tk. 60 per unit, plus 5% sales tax. This new product is subject to a l-year warranty. Jan. 12 Sold goods for cash totaling Tk. 15,750, which includes 5% sales tax. Jan. 21 Borrowed Tk. 35,000 from City bank on a 3-month, 8%, Tk. 35,000 note.
selected transactions (in BDT) occurred in the books of Shoilee and Company: Jan. 05 Sold 800 units of a new product on credit at Tk. 60 per unit, plus 5% sales tax. This new product is subject to a l-year warranty. Jan. 12 Sold goods for cash totaling Tk. 15,750, which includes 5% sales tax. Jan. 21 Borrowed Tk. 35,000 from City bank on a 3-month, 8%, Tk. 35,000 note.
Chapter1: Financial Statements And Business Decisions
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