Q. 8 (Max marks: 15) School Shoes reported the following: 2016 Jan 12 Recorded Visa card sales of $200,000 plus 10% GST, less a 2.2% fee July 1 Loaned $40,000 to Kelly Jones, an executive with the company, on a one-year, 11 % bill Nov 30 Accrued interest revenue on the Jones bill 2017 Feb 28 Sold the Jones bill to Commonwealth Bank at 13% discount rate Required: Record the above transactions in the journal of School Shoes. Explanations are not required. Please show your calculations clearly. (Marks: 15)