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EXHIBIT I
CREDIT SALE STATEMENT
(All information in italics must be completed by the Sponsor)Bank Name
Bank Address, City, State, Zip Code
Bank Contact Phone Number
Date
US Army Corps of Engineers
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How to fill out credit sale statement

How to fill out credit sale statement
01
To fill out a credit sale statement, follow these steps:
02
Start by entering the date of the sale at the top of the form.
03
Next, fill in the customer's information, including their name, address, and contact details.
04
Specify the goods or services that were sold, providing a detailed description and the quantity.
05
Calculate the individual price for each item and multiply it by the quantity sold to determine the total price for each item.
06
Add up the total price for all items sold to find the subtotal.
07
If there are any discounts or deductions, subtract them from the subtotal to obtain the net total.
08
Include any applicable taxes or additional charges, such as shipping fees.
09
Finally, calculate the grand total by adding the net total and any additional charges.
10
Sign the credit sale statement and provide it to the customer as a record of the transaction.
Who needs credit sale statement?
01
Credit sale statements are needed by businesses or individuals who sell goods or services on credit to their customers.
02
It is a useful document for keeping track of sales transactions, providing details of the products sold and the amount owed by each customer.
03
Credit sale statements help in maintaining accurate records, managing accounts receivable, and enforcing timely payments.
04
Retailers, wholesalers, service providers, and any other entity that extends credit to customers may require credit sale statements.
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What is credit sale statement?
A credit sale statement is a document that details the sales made on credit by a business.
Who is required to file credit sale statement?
Businesses that make sales on credit are required to file a credit sale statement.
How to fill out credit sale statement?
Credit sale statements can be filled out by entering information about each sale made on credit, including the date of the sale, the amount sold, and the payment terms.
What is the purpose of credit sale statement?
The purpose of a credit sale statement is to track sales made on credit and monitor payment terms and collection of receivables.
What information must be reported on credit sale statement?
Information that must be reported on a credit sale statement includes the date of the sale, the amount sold, the payment terms, and the customer's information.
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