Khula Municipality B'S Wits Business School government During the month of May, the following transactions occurred: As of May 1, 2011, Khula received a grant of R450,000 from national May 1...Paid rent for 3 months, R42,400.00 May 2... Purchased office supplies for cash, R3169.00 May 3... Purchased office equipment for R79,780.00 by signing a promissory note for a complete amount May 4... Paid salaries, 250,000 May 5...Purchased office supplies on credit from Waltons co. R4,980 May 6.Interest earned and received from investment, R8,500 May 6... Earned rentals from Musa and co. R18,000 May 8...Paid vehicle expenses, 38,000 May 9. Purchased insurance policy, R24,000 May 10...Paid to Waltons co., R2,900 May 31... Received R9,000 from Musa and co. Record the above transactions using General Journal and post to the General Ledger accounts