prepare the General journal entries for the above

HW Question 2 Below is an extract from Ivan Brook's Trial Balance. The financial year ended on 31 May 2016, a Tuesday. Investments 10,000.00 Wages 71,000.00 Rent received 27,030.00 Rates Electricity 15,000.00 21,392.00 Revenue 79,200.00 Loan Interest received 5,000.00 GST Input 600.00 GST Output 10,000.00 12,000.00 The amounts below are all stated on a GST exclusive basis. 2 weeks a) Investments have been held all year. 9% interest is received per annum. b) Staff work five days a week and are paid fortnightly. They are due to be paid this Friday 3 June, for the two weeks ending Thursday 2 June. The amount is $1,520.00. c) Rent is $510 a week (and has been all year). This is a commercial rental. (52 weeks per year) d) The Council's financial year ends 30 June and Rates are also billed on that basis. e) Electricity account unpaid and not yet recorded $750.00. One client has a contract and has paid $2,000.00 relating to June and July 2016. g) The loan was taken out on 1 March 2016 an interest rate of 5.5% per annum