Question: Record the enteries in their appropriate Journals And Ledgers
1 Issued Check No. 308 for $9,200 to pay ZNG Property Group for two month's worth of rent in advance.
1 Obtained a loan of $58,000 from EastPac Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2017 and the principal of the loan is to be repaid on June 1, 2021.
2 Handys Electronics paid the full amount owing on their account.
3 Made payment of $825 to Integer Energy for 3 months of electricity up to and including May 31, Check No. 309.
3 Issued Check No. 310 to Office Supplies Warehouse for the purchase of $409 worth of office supplies.
4 Paid sales staff wages of $13,379 for the week up to and including yesterday, Check No. 311. Note that $6,686 of this payment relates to the wages expense incurred during the last week of May.
6 Paid the full amount owing to Big Telco, Check No. 312.