2. Record the following transactions for the month of August 2019: NOTE: Assume HST at 13% unless indicated otherwise Use default numbers for orders, invoices, etc. umless indicated otherwise. Aug 1 The owner (Steve Jones) had the bank transfer (by bank memo \#608) \$15,000 from a personal savings account to the business bank account to start the business.| Aug 1 Hired you (use Your Name) as an employee in Surrey. Born Mar 2, 1992. \$15,000 Basic Personal Amounts, paid every 2 weeks, hourly wage of $25, normally works 60 hours per pay period. No deductions or WCB. Vacation pay not paid Aug 2 Negotiated a 5-year bank loan (L146) of \$65,000 at an annual interest rate of 9.50% with the CIBC Bank. The money was deposited in the bank account today. Aug 2 Purchased office fumiture and fixtures for $3,000 plus HST and computer equipment for $3,500 plus HST from Fumiture Plus, Invoice 6488 was for $6,500 plus HST. Terms 2/10, net 30 Aug 3 Received invoice \#402 for \$2,400 no HST from Tiller Insurance, for a one-year business insurance policy commencing Aug 1, 2019. Issued cheque \#713 to pay this invoice. The amount is to be charged to Prepaid Insurance Aug 4 Ordered 550 Ladies Sweaters Cardigan at $19.00 each plus HST and 400 Men's Sweaters Cardigan at $17.50 each plus HST from Cardigan Ltd. Terms 2/15, 30 days. Shipping date Aug 7 Aug 5 Sold 350 Men's Sweaters Regular to Laurel Park Clothes, on invoice 1972 for $21.50 each. The total invoice was for $7,525 plus HST. Terms: 2%/10, net 30 days. The sale is allocated to the Surrey region. Aug 7 Received 500 Ladies Sweaters Cardigan at $19.00 each plus HST and 400 Men's Sweaters Cardigan at $17.50 each plus HST from Cardigan Ltd Aug 4 order: Invoice 5196 was for $16,500 plus HST, terms 2/15 Net 30 days. Remainder backordered. Aug 8 Ordered 300 Men's Sweaters Regular from Canadian Sweaters Ltd. at \$13.75 each plus HST, terms 20 days. Shipping date is Aug 15 Aug 10 Ordered by Universal Co., 3 Main Street, Vancouver, BC. Terms: 3/10, Net 30 days and the credit limit is $6,000.00. Use full setup for this customer Order is for 100 Ladies Sweaters High Neck for $31.00 each plus HST, and 75 Men's Sweaters High Neck for \$28.75 each plus HST, Shipping date Aug 16 Total of $5256.25 plus HST