1.Prepare journal entries for the following ten transactions that occurred in August: A/c name: Dr. Cr 1.Cash sales of $300 Cash 300 Sales 300 2.Credit sales of $2 678 3.Received $423 cash, relating to July credit sales 4.Paid suppliers $196 for inventory purchased on credit in July. 5.Purchased $220 of inventory on credit from suppliers 6.The August COGS was $1 780 7.Depreciation expense for August was $31. 8.Accrued $15 of electricity for August 9.Electricity of $6, accrued for in July, was paid 10.An item of PPE was sold for $95 cash; the PPE had an original cost of $1 500 and an AD balance of $1 408. I