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Chapter 20





                   Example 3: Solution (cont.)
                                                          Loan

                   Dr                                 $       Cr                                 $
                                                              Day 3      Cash                 1,000









                                                      Purchases
                   Dr                                 $       Cr                                 $
                   Day 4      Cash                   300









                                                      Receivables
                   Dr                                 $       Cr                                 $
                   Day 5      Sales                  400








                                                         Sales
                   Dr                                 $       Cr                                 $
                                                              Day 5      Receivables            400



























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