Please make T-ACCOUNTS for every financial statement posted above (8 Total) so I can see the work behind the answers. Please do this to the best of your abilities because I need the t-accounts to be accurate. Thanks :)

The Sandhill Shop, owned by Andrew John, sells skateboards in the summer and snowboards in the winter. The shop has an August 31 fiscal year end, and uses a perpetual inventory system and the earnings approach. On August 1, 2024, the company had the following balances in its general ledger: During August, the last month of the fiscal year, the company had the following transactions: Aug. 1 Paid $1,720 for August's rent. 2 Paid $6,500 of the amount included in Accounts Payable. 4 Sold merchandise costing $7,900 for $12,700 cash. 5 Purchased merchandise on account from Orange Line Co., n/30, FOB shipping point, for $24,300. 5 Paid freight charges of $480 on merchandise purchased from Orange Line Co. 8 Purchased supplies on account for $345. 9 Refunded a customer $425 cash for returned merchandise. The merchandise had cost $260 and was returned to inventory. 10 Sold merchandise on account to Spider Company for $16,000, terms 2/10,n/30, FOB shipping point. The merchandise had a cost of $9,645. 11 Paid Orange Line Co. for half of the merchandise purchased on August 5. 12 Spider Company returned $750 of the merchandise it purchased. Sandhill Shop issued Spider a credit to its account. The merchandise had a cost of $461 and was returned to inventory. 15 Paid salaries, $3,180. 19 Spider Company paid the amount owing. 21 Purchased $9,800 of merchandise from Rainbow Option Co. on account, terms 2/10,n/30,FOB destination. 23 Returned $800 of the merchandise to Rainbow Option Co. and received a credit on the account. 24 Received $522 cash in advance from customers for merchandise to be delivered in September. 30 Paid salaries, $3,180. 30 Paid Rainbow Option Co. the amount owing. n p Adjustment and additional data: 1. A count of supplies on August 31 shows $820 on hand. 2. The equipment has an estimated eight-year useful life. Remember that adjusting entries are done annually, not monthly. 3. Of the notes payable, $6,000 must be paid on September 1 each year. 4. (1) An analysis of the Unearned Revenue account shows that $3,800 has been earned by August 31. (2) A corresponding entry of $2,385 for Cost of Goods Sold will also need to be recorded for these sales. 5. Interest accrued on the note payable to August 31 was $225. 6. A count of the merchandise inventory on August 31 shows $76,700 of inventory on hand. Record the adjustments required at August 31, 2024. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Prepare a statement of owner's equity. The owner made no capital contributions in the year. (List items that increase owner's equity first.) R entry is Prepare a post-closing trial balance at August 31, 2024. (Do not list those accounts that have zero ending balance.) THE SANDHILLSHOP Post-closing Trial Balance August 31, 2024 Debit Credit Cash $ 8562 Merchandise Inventory 76700 Supplies 820 Equipment 71200 Accumulated Depreciation - Equipment Accounts Payable \begin{tabular}{|r|} \hline 19295 \\ \hline \end{tabular} Interest Payable \begin{tabular}{|r|} \hline 225 \\ \hline \end{tabular} Unearned Revenue 1362 Notes Payable 54000 Totals