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 thefirst weekof 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 1DateTransaction description1Paid the full amount owing to Pony, Cheque No. 814.1Issued Cheque No. 815 for $9,400 to pay Blue Blazer Realty for two month's worth of rent in advance.3Issued Cheque No. 816 to Office Supplies Warehouse for the purchase of $585 worth of office supplies.4Jerry Technology paid the full amount owing on their account.4Paid sales staff wages of $13,271 for the week up to and including yesterday, Cheque No. 817. Note that $7,429 of this payment relates to the wages expense incurred during the last week of May.5Made payment of $828 to PowerGen for 3 months of electricity up to and including 31 May, Cheque No. 818.