Question: 1st of this month: You have negotiated the sale of Mr & Mrs Emerald's home at 1 Diamond Avenue, Jewel Town for $1Million. The purchasers,

1st of this month: You have negotiated the sale of Mr & Mrs Emerald's home at 1 Diamond Avenue, Jewel Town for $1Million. The purchasers, Mr & Mrs Rock, are signing the contract and paying the 0.25% initial deposit. (Receipt 000360)

8th of the month: The cooling-off expires today, under negotiation, only 5% is to be paid.

4th of next month (settlement date): The balance of 10% is payable prior to settlement.

6th of the month: The Orders on the Agent have been received and we can account for our $22,000 commission with the balance payable to the vendors' account #123123 BSB 032717.

You have not had any other receipts between these.

Prepare the ledger showing all the transactions

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