Question

Issued Check No. 868 for $8,200 to pay Blue Blazer Realty for two month's worth of rent in advance.
1	Obtained a loan of $48,000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2018 and the principal of the loan is to be repaid on June 1, 2023.
2	Paid the full amount owing to Addax Sports, Check No. 869.
2	Issued Check No. 870 to Office Supplies Warehouse for the purchase of $580 worth of office supplies.
4	Made payment of $840 to State Power for 3 months of electricity up to and including May 31, Check No. 871.
4	Paid sales staff wages of $1,879 for the week up to and including yesterday, Check No. 872. Note that $1,135 of this payment relates to the wages expense incurred during the last week of May.
5	Jump Around paid the full amount owing on their account.

General Journal

Date		Account and Explanation	Post Ref.	Debit	Credit
Jun		(select)
		(select)
Jun		(select)
		(select)
Jun		(select)
		(select)

Answer 1

Journal Entries
Date	Account Title and explanation	Debit	Credit
	Issued Check No. 868 for $8,200 to pay Blue Blazer Realty for two month's worth of rent in advance.
	Advance Rent	$                     8,200
	To Cash		$                       8,200
	(To Record the payment of advance rent)
1	Cash	$                  48,000
	To Loan from MRMC Bank		$                     48,000
	(To Record the reciept of the loan)
	Addax Sports	XXX
2	To Cash		XXX
	Office Supplies	$                        840
3	To Cash		$                           840
	(To Record the office supplies)
4	wages	$                     1,879
	Oustanding wages	$                     1,135
	To Cash		$                       3,014
	(To Record the payment of wages)
5
	"No Journal entry"