Now that you have reviewed information about Intermaweb Computer, 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: 1 Week 1 Date Transaction description Issued Cheque No. 677 for $8,400 to pay Amy Wong Real Estate for two month's worth of rent in advance. 4 Made payment of $771 to Integer Energy for 3 months of electricity up to and including 31 May, Cheque No. 678. 4 Paid sales staff wages of $13,010 for the week up to and including yesterday, Cheque No. 679. Note that $7,429 of this payment relates to the wages expense incurred during the last week of May. 4 Issued Cheque No. 680 to Office Supplies Warehouse for the purchase of $483 worth of office supplies. 5 Turbo Tech paid the full amount owing on their account. 6 Paid the full amount owing to JCN Electrical, Cheque No. 681. After completing this practice set page, you should know how to record basic transactions in the journals provided below and understand the posting process in the manual accounting system. Note that you will record the remaining June transactions in the following sections of this practice set. Remember, one purpose of using special journals is to make the posting process more efficient by posting the total of most columns in the special journals after all of the transactions for the period have been recorded. However, some parts of a journal entry are still required to be posted on a daily basis. View the company's Hind for dat nthl