The entries have been journalised below.

General journal
Date			Post
		Description	ref.	Debit	Credit
20XX
June	1	Cash at bank		24,200
		Capital			24,200
		(Owner's capital contribution)
	1	Shop equipment (cost)		44,760
		Cash at bank			2,710
		Bank loan			42,050
		(Computer, cash register, shelving etc. for shop;
		loan repayable over 4 years)
	2	Inventory		18,486
		Accounts payable/Daintree Importers			18,486
		(Inventory purchase on terms of net 30)
	2	Prepaid insurance		3,528
		Cash at bank			3,528
		(1 year insurance policy)
	3	Rent		2,000
		Cash at bank			2,000
		(June rent for shop)
	6	Cash at bank		477
		Sales income			477
		Cost of sales		168
		Inventory			168
		(Cash sale)
	7	Accounts payable/Daintree Importers		155
		Inventory			155
		Faulty protective gear returned to supplier
	8	Accounts receivable/Serious Fun		5,880
		Sales income			5,880
		Cost of sales		3,037
		Inventory			3,037
		(Credit sale on terms of 5/10, n/30)
	10	Inventory		10,640
		Accounts payable/Scoot Imports			10,640
		(Credit purchase on terms of 10/10, n/30)
	14	Accounts payable/Daintree Importers		4,560
		Cash at bank			4,560
		(Part payment of amount owing)
	15	Accounts receivable/Action World		6,530
		Sales income			6,530
		Cost of sales		3,025
		Inventory			3,025
		(Credit sale on terms of net 30)
	16	Cash at bank		5,586
		Discount allowed		294
		Accounts receivable/Serious Fun			5,880
		(Payment received less prompt payment discount)
	17	Accounts payable/Scoot Imports		10,640
		Discount received			1,064
		Cash at bank			9,576
		(Supplier paid less prompt payment discount)
	20	Accounts receivable/Toys Plus		10,827
		Sales income			10,827
		Cost of sales		6,430
		Inventory			6,430
		(Credit sale on terms of net 15)
	21	Cash at bank		688
		Sales income			688
		Cost of sales		306
		Inventory			306
		(Cash sale)
	22	Sales returns and allowances		495
		Accounts receivable/Action World			495
		Inventory		200
		Cost of sales			200
		(Helmets returned by customer put back into inventory)
	24	Wages		470
		PAYG withholding payable			38
		Cash at bank			432
		(Wages paid to James Paget)
	27	Drawings		910
		Cash at bank			910
		(Cash withdrawn for personal use)
	28	Inventory		11,420
		Accounts payable/Scoot Imports			11,420
		(Credit purchase on terms of 10/10, n/30)
	29	Cash at bank		10,827
		Accounts receivable/Toys Plus			10,827
		(Payment received from customer)
	30	Accounts receivable/Serious Fun		4,600
		Sales income			4,600
		Cost of sales		1,810
		Inventory			1,810
		(Credit sale on terms of 5/10, n/30)
	30	Bank loan		1,100
		Cash at bank			1,100
		(Loan repayment)

Post to the ledger accounts (T accounts for the general ledger, running balance accounts for the accounts payable and accounts receivable subsidiary ledgers).