DateTransaction description

1Issued Cheque No. 655 for $8,700 to pay ZNG Property Group for two month's worth of rent in advance.

3Paid the full amount owing to Addax Sports, Cheque No. 656.

3Croquet and Cricket paid the full amount owing on their account.

3Made payment of $903 to State Power for 3 months of electricity up to and including 31 May, Cheque No. 657.

4Paid sales staff wages of $2,364 for the week up to and including yesterday, Cheque No. 658. Note that $1,143 of this payment relates to the wages expense incurred during the last week of May.

7Issued Cheque No. 659 to Office Supplies Warehouse for the purchase of $575 worth of office supplies.

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.

2)Post entries recorded in the journals to the appropriate ledger accounts according to the company's accountingpolicies and procedures.

Note that the relevant totals of the special journals will be posted to the general ledger accounts at the end of the month. You will enter this after you prepare the Bank Reconciliation Statement.

Remember to enter all answers to thenearest whole dollar. When calculating a discount, if a discount is not a whole number, round the discount to the nearest whole dollar. Then, to calculate the cash at bank amount, subtract the discount from the original amount.