Aug 10 Sold 500 running drink bottles for $4.80 each plus HST, and 750 recreational drink bottles for $3.50 each plus HST, to Universal Sports, 3 Main Street, Banff, Alberta B4H 2D3, on invoice 1002 for a total of $5,025.00 plus HST. The credit limit is $6,000.00 Terms: Net 20 days. Aug 17 Received $1,348.65 from Cycle Path, their cheque 2177 in payment of our invoice 1001 and credit memo. Aug 20 Purchased 1,000 NEW large-size type of recreational drink bottle. The bottle will be assigned unit number Re-2 and is expected to sell for $4.00. The business plans to keep a minimum of 200 bottles on hand. Invoice 7239 from Royal Plastics, with terms of 20 days, was for 1,000 bottles at $3.00 each plus HST. Aug 22 Received debit memo from the bank noting that the cheque received on Aug 17 from Cycle Path was returned NSF. We will also charge an admin fee of $15.00. Create new account 4225 - Other Income for the posting of the admin fee. Aug 23 Returned to Royal Plastics 50 large-size bottles that were purchased on Aug 20. Received credit memo 7239CM for $150.00 plus HST. Aug 24 Issued cheque #1003 to pay PVC Plastics for invoice 5196 in full. ACCT-1098 SAGE 50 PROJECT Aug 25 Retail sale to Your First and Last Name for: (Note: Your name must appear.) 2 running drink bottles for $7.00 each 2 cycling drink bottles at $6.00 each 2 recreational drink bottles at $5.00 each (Re-1) All prices are plus HST. Your Name paid with the Universal Credit Card. Aug 30 Issued next cheque to pay Royal Plastics invoice 7103 in full. Aug 30 Received cheque #508 from Universal Sports for full payment of their account. Aug 31 Adjusted the Prepaid Insurance for the August 2023 insurance consumed (used). Aug 31 Recorded depreciation on the Furniture and Fixtures of $100.00 and depreciation of $80.00 on the Computer Equipment. Aug 31 Accrued interest on the bank loan was $400.00 for August and will be paid on September 2. Aug 31 A physical inventory count revealed that 30 recreational drink bottles (Re-1) were missing. Aug 31 Prepare the required entry to Receiver General for the Payment/Refund of HST for the month of August 2023. Hint : Run a Trial Balance to get the figures needed for the entry. Aug 31 Reconcile the 1100 - Bank Account as at August 31, 2023 using the bank statement below. 1100 Bank Account Loyalist Bank Statement for August 2023 Aug 01, 2023 Opening Balance $ 0.00 Aug 02, 2023 Deposit $10.000.00 10,000.00 Aug 02, 2023 Deposit 50,000.00 60,000.00 Aug 04, 2023 Cheque 1001 1,296.00 58,704.00 Aug 05, 2023 Cheque 1002 6,780.00 51,924.00 Aug 17, 2023 Deposit 1,348.65 53,272.65 Aug 22, 2023 NSF cheque 1,348.65 51,924.00 Aug 26, 2023 Cheque 1003 7,345.00 44,579.00 Aug 30, 2023 Deposit 5,678.25 50,257.25 Aug 31, 2023 Service charges 70.16 50,187.09 Aug 31, 2023 Closing Balance $50,187.09