A company's (Company XX) balance sheet account had the following balances on September 1, 2018, the beginning of a fiscal year. You are required to prepare the joumal entries for the transactions carried out for the month of September. [11] XX company Balance Sheet Accounts, September 1, 2018 Rs 2,600 25,200 77,800 4,000 21,000 Cash Accounts receivable Merchandise inventory Prepaid rent Store equipment Accumulated depreciation, store equipment Accounts payable Paid-in capital Retained eamings Rs 5,750 45,000 30,000 49,850 Surmarized transactions for September were 1. Acquisitions of merchandise inventory on account Rs49,000 2. Sales for cash 36,250 3. Payment to suppliers 29,000 (further to transaction (a)) 4. Sales on account 38,000 5. Advertising in newspapers, paid in cash 3000 6. Cost of goods sold 40,000 7. Collections on account 33,150 8. Miscellaneous expenses paid in cash 8,000 9. Wages paid in cash 9,000 10. Recognize rent expenses 2000 11. Depreciation of store equipment, 250