1)Record all week 1 transactions in the relevant journals.

Note that special journals must be used where applicable. Any transaction that cannot be recorded in a special journal should be recorded in the general journal.

Date	Transaction description
1	Obtained a loan of $52,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2016 and the principal of the loan is to be repaid on June 1, 2019.
3	Made cash sales of $4,573 during the first 3 days of the month.
4	Paid the full amount owing to JCN Electrical, Check No. 603. Payment fell within discount period.
5	Paid the full amount owing to Moon Megasystems, Check No. 604. Payment fell within discount period.
5	Purchased 3 BG90 Plasma Televisions with cash for $410 each, Check No. 605.
6	Purchased 3 Mieca Camera Lenses from Big Telco for $240 each, terms 2/10, n/30.
6	Sold 8 MePod Multimedia Players to Turbo Tech for $210 each, Invoice No. 501.
7	Purchased 10 Zii Game Consoles from Pony for $100 each, terms net 30.