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.