Question: Week 1 Date Transaction description 1 1 3 3 4 4 6 Issued Check No. 838 for $8,400 to pay Realty Bites for two

month's worth of rent in advance. Obtained a loan of 347.000 from

MRMC Bank at a simple interest rate of 6% per year. The

first interest payment is due at the end of August 2022 and

the principal of the loan is to be repaid on June 1,

2026. Paid the full amount owing to Mega Tech, Check No. 839.

Handys Electronics paid the full amount owing on their account. Paid sales

Week 1 Date Transaction description 1 1 3 3 4 4 6 Issued Check No. 838 for $8,400 to pay Realty Bites for two month's worth of rent in advance. Obtained a loan of 347.000 from MRMC Bank at a simple interest rate of 6% per year. The first interest payment is due at the end of August 2022 and the principal of the loan is to be repaid on June 1, 2026. Paid the full amount owing to Mega Tech, Check No. 839. Handys Electronics paid the full amount owing on their account. Paid sales staff wages of $13.161 for the week up to and including yesterday. Check No. 840. Note that $6.689 of this payment relates to the wages expense incurred during the last week of May. Issued Check No. 841 to Office Supplies Warehouse for the purchase of $453 worth of office supplies. Made payment of $919 to State Power for 3 months of electricity up to and including May 31, Check No. 842

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