Problem -
1 Issued Check No. 397 for $8,100 to pay Amy Wong Real Estate for two month's worth of rent in advance.
1 Obtained a loan of $48,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2017 and the principal of the loan is to be repaid on June 1, 2022.
2 Issued Check No. 398 to Office Supplies Warehouse for the purchase of $420 worth of office supplies.
4 Balls 'n All paid the full amount owing on their account.
4 Paid sales staff wages of $1,679 for the week up to and including yesterday, Check No. 399. Note that $1,113 of this payment relates to the wages expense incurred during the last week of May.
5 Paid the full amount owing to Sport Borders, Check No. 400.
7 Made payment of $844 to State Power for 3 months of electricity up to and including May 31, Check No. 401.
What are the journal entries?