1. Create journal entries for the following transactions, 2 Draw up a T-account for each account affected by transactions: 3. Calculate normal balances for all T-accounts. 4. Prepare an unadjusted trial balance. Transactions: August, l: Student Co. received fees camed from customers, S 20,000; August, 2: Purchased office equipment on credit, $45,000 August, 6: The owner invests $170,000 cash into business August, 8: Purchased office supplies on account, $2,500; August, 9: Purchased land for a future building site, S80,000; August, 13: Paid office rent for one month, $5,500; August, 16: Received cash 54,100 from a customer for interest eamed; August, 18: Paid utilities expense for the month of February, S700; August, 19: The owner withdraws $3,000 from the business; August, 20. Purchased inventory, S5,000: August, 21: Paid creditors on account, $5.500; August, 24: Paid tax expense, $500; August, 25: Services provided on account, $23,000 August, 28: Paid creditors on account, $20,000: August, 29: Paid salaries bill, $23,900, August 30, Received $10,000 on account from customers. Journal Description Debit Date Post. Rer. Credit Ledger Add more T-accounts if needed. = Student Co. Unadjusted Trial Balance August 30, 2020 Debit Balances Credit Balances =