Business & Finance Homework Help

Slavko Mitrovic is one of the owners of Salami 4 U, a small business that

manufactures and sells organic

salami and other small goods. Slavko also manages the

business on a part-time basis, sharing the responsibilities with the other partners. Using

the business cheque book by accident, Slavko recently purchased a car for his beautiful

wife Natasha Mitrovic as a birthday present. Natasha is a sales representative for a large

computer company and will be using the car in her job. Based on the cheque butt, the

accountant recorded the transaction in the accounts of Salami 4 U as follows.