3U. DennisI Co ncrete Finis hing completed the following transactions during the month of August of the current year: Aug 1 Purchased a new mixing machine for $22,500 paying cash of $2,500 and signing a 5 month note payable for the remainder at 5% interest. Interest and principle due at maturity. The machine will have a 5 year useful life and then it will have a value of so. Aug 4 Dennis (owner) withdrew $12,000 excess cash from the company to purchased a new snowmobile for personal use Aug 4 Completed nishing work for a client. $1.?DO on acoount. Aug 5 Purchased nishing tools for $1,100 on account. Aug 1t] Received payment of $800 in advance for work to be performed next month. Aug 15 Paid annual insurance premiums of $3,500 which provides coverage for a one-year period expiring next year. Aug 21 Paid for items purchased on August 5. Instructions a) Prepare journal entries to record the transactions. You mayr omit explanations of the transactions. (complete the entries on the attached page} Is) Prepare the adjusting entries required for the Dec 31$1 year end. (Complete the entries on the attached page} c} Prepare T accounts on the attached page d) Prepare the appropriate closing entries