On August 1, 2023, Mark Diamond began a tour company in the Northwest Territories called Millennium Arctic Tours. The following occurred during the first month of operations: Aug. 1 Purchased office furniture on account; $4,600. 1 Mark Diamond invested $6,400 cash into his new business. 2 Collected $3,000 in advance for a three-week guided caribou watching tour beginning later in August. 3 Paid $5,100 for six months' rent for office space effective August 1. 4 Received $2,400 for a three-day northern lights viewing tour just completed. 7 Paid $1,200 for hotel expenses regarding the August 4 tour. 15 Mark withdrew cash of $600 for personal use. 22 Met with a Japanese tour guide to discuss a $120,000 tour contract. 31 Paid wages of $1,240. Assume Mark Diamond uses the straight-line method to depreciate the assets. 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.) View transaction list View journal entry worksheet 1 Record the purchase of office furniture on account. 2 Record the owner investment. 3 Record the collected cash in advance. 4 Record the rent paid for 6 months. 5 Record the collected cash for work done. 6 Record the hotel expenses paid. 7 Record the owner withdrawals. 8 Record the discussion of a tour contract with a Japanese Note : = journal entry has been entered Debit Credit 7 Record the owner withdrawals. 8 Record the discussion of a tour contract with a Japanese tour guide. 9 Record the wages paid. 2&3. Post the entries to the accounts; calculate the ending balance in each account. Beg.bal. End.bal. 101:Cash Beg.bal. 131:Prepaid Rent End.bal. 0 161:Office Furniture 162:Accum. Deprec., Office Furniture Beg.bal. Beg.bal. End.bal. End.bal. 201:Accounts Payable 233:Unearned Revenue Beg.bal. Beg.bal. End.bal. End.bal. 0 301:Mark Diamond, Capital 302: Mark Diamond, Withdrawals Beg.bal. Beg.bal. End.bal. 0 End.bal. 0 401:Revenue 602:Deprec. Exp., Office Furniture Beg.bal. Beg.bal. End.bal. End.bal. 0 623:Wages Expense 640:Rent Expense Beg.bal. Beg.bal. End.bal. End.bal. 0 688:Telephone Expense 696:Hotel Expenses Beg.bal. Beg.bal. End.bal. 0 End.bal. 0 4. Prepare an unadjusted trial balance at August 31, 2023. MILLENNIUM ARTIC TOURS Unadjusted Trial Balance August 31, 2023 Account Debit Credit Total $ 0 $ 0