Answer

I need a general journal

Week 1 Obtained a loan of $49,000 from ZNZ Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 202 principal of the loan is to be repaid on 1 June 2025. Purchased 17 boxes of Hazelnut Toffee from Restlay for $60 each, terms 2/10, n/30. Purchased 25 boxes of Lollipops with cash for $50 each, Cheque No. 903. Paid the full amount owing to Gillard Wholesalers, Cheque No. 904. Payment fell within discount period. Sold 9 boxes of Jelly Beans to Mercury Square for $114 each, Invoice No. 501. Made cash sales of $8,347 during the first 5 days of the month. Purchased 8 boxes of Organic Chocolate from Brennan Imports Group for $100 each, terms net 30. Paid the full amount owing to East Tangiers Cooperative, Cheque No. 905. Payment fell within discount period