McGill Company uses the perpetual inventory method. The following transactions occurred during August:August $5$Purchased $$3,500$ of merchandise from Hot Air Inc. on account. In addition, paid shipping costs of $$230$ in cash for a total of $$3,730.$ Terms $3/15,$ n$/30.$ No discount available on shipping costs.August $9$Returned $$700$ of merchandise to Hot Air Inc. for credit.August $12$Sold $$1,400$ of merchandise to Crazy Parties on account, terms $2/10,$ n$/30.$ Cost was $$800.$August $15$Crazy Parties returned $$200$ of merchandise from the August $12$ purchase. The merchandise was the wrong colour, so it is not defective. Cost was $$120.$August $17$Dalhousie Company purchased $$4,000$ of merchandise on account, terms $2/10,$ n$/30.$ Cost was $$2,800.$August $18$Paid Hot Air Inc. the amount owed. Figure out the amount.August $20$Received full payment from Crazy Parties. Figure out the amount.August $22$Purchased $$900$ of supplies on account from Columbia Company.August $26$Dalhousie Company returned $$700$ of merchandise that was damaged during delivery. It cannot be resold.August $30$Received payment from Dalhousie Company.RequiredPrepare the appropriate journal entries based on the details provided. Please leave one empty row between each journal entry.