On August 1, 2017, Delanie Tugut began a tour company in the Northwest Territories called Tugut Arctic Tours. The following occurred during the first month of operations Aug 1Purchased office furniture on account: $6,200. 1 Delanie Tugut invested $8,000 cash into her new business. 2 Collected $5,400 in advance for a three-week guided caribou hunt beginning the last week of August. 3 Paid $7,500 for six months' rent for office space effective August 1. 4 Received $4,000 for a four-day northern lights viewing tour just completed. 7 Paid $2,000 for hotel expenses regarding the August 4 tout 15 Delanle withdrew cash of $600 for personal use. 22 Met with a Japanese tour guide to discuss a $200,000 tour contract 31 Paid wages of $1,400 Assume Delanie Tugut, uses Straight Line Method to depreciate the asset. Required: 1. Prepare General Journal entries to record the August transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the adjusting entry for depreciation expense of office furniture. Note: Enter debits before credits Date General Journal Debit Credit 4. Prepare an adjusted trial balance. TUGUT ARCTIC TOURS Adjusted Trial Balance August 31, 2017 Account Debit Credit 3. Post the entries to the accounts, calculate the ending balance in each account. 101:Cash 131:Prepaid Rent Beg bal Aug 03 7,500 600 Aug 15 1,400 Aug 31 Beg bal Aug 01 Aug 02 Aug 03 Aug 04 Aug 07 End bal End bal 7,500 8,000 5,400 7,500 4,000 2,000 24.900 161:Office Furniture 162:Accum. Deprec., Office Furniture Beg bal Aug 01 Beg bal Aug 31 6,200 6,200 End bal 0 End bal 201:Accounts Payable 233:Unearned Revenue