Prepare a formal letter to each of the property owners and issue along with their monthly statements. Prepare an informal letter and a copy of the statements for the principal of the agency. Date 3/5/2013 5/5/2013 7/5/2013 7/5/2013 8/5/2013 13/5/2013 15/5/2013 20/5/2013 30/5/2013 . Information of 40 Black Rd Wodonga. You will use Chq no 1439 for Agnes & Fortescue and Chq no 1440 for the commission. The tenant Bill Fredericks pays rent for the property at 47 Robert St of $1500 with a cheque. Bill Frederick's cheque is dishonoured. Bill Frederick pays the rent by cash. You receive a deposit from R. Ramirez of 14 Dapto St Wodonga, for the house of A. Jackson at 69 O'Brien Crescent. The full 10% deposit has been received. Deposit amount is $56,900.00 The tenant Ray Richards pays rent for the property at 65 Martin St by cash $1200. BAC Commercial pays monthly rent of $2000 by EFT. The tenant Jill Sharp pays by EFT the rental of $1350 for 15 Drysdale Ave. Fred Sykes settles the sale of Ted Johnson's house for $535,000.00. You now need to finalise this account and pay the commission to the agency and send the remaining funds to the Solicitor, Reddy and Co Pty Ltd, for settlement (Chq no 1441). The commission is 2.5% of the value. There will be a $20.00 accounting fee added as well. (Chq no 1442) You will pay James Smithson (Chq no 1443) and John Jones (Chq no 1444) the rents owing them less the commissions and statement fees. You will pay the General Account the commission owing with Chq no 1445