Now that you have reviewed information about Choco Holly, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to record transactions that occurred during the first week of June into the company's journals and post the appropriate entries to the ledger accounts. The following transactions occurred throughout the first week of June: Week 1
Date	Transaction description
1	Purchased 7 boxes of Liquorice Chocolate from Brennan Imports Group for $90 each, terms 2/10, n/30.
1	Paid the full amount owing to Restlay, Check No. 603. Payment fell within discount period.
1	Obtained a loan of $40,000 from Earth Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2015 and the principal of the loan is to be repaid on June 1, 2019.
2	Purchased 9 boxes of Macadamia Toffee with cash for $90 each, Check No. 604.
4	Made cash sales of $6,577 during the first 4 days of the month.
5	Purchased 6 boxes of Chocolate Coated Coffee Beans from Spud's Confectionery for $60 each, terms net 30.
5	Paid the full amount owing to East Tangiers Cooperative, Check No. 605. Payment fell within discount period.
6	Sold 8 boxes of Macadamia Toffee to Sugar-hi for $180 each, Invoice No. 501. Be sure to fill out all special journals, general journal, subsidiary ledger and general ledger. I have filled out what i think is the correct special journals and general journals..ect. But I would like an expert answer to compare mine to.