Question 1 Limitless Sports Ltd, distributes limited edition sports shoes to retail stores. During the month of August, the following merchandising transactions occurred. Trendy World 58 Edgewater Lane Minot, ND 58701 Pay to the order of Limitless Sports Ltd. Quecnsland Bank Invoice Number 5231 dated 7 August 2022 Form 6 Check No. 5719 Date: 18 Augtst 2022 S xxxxx Dollars Acct Dept Copy Limitless Sports' chart of accounts includes the following: Cash, Accounts Receivable, Inventory, Accounts Payable, Sales Revenue, Sales Returns and Allowances, Sales Discounts, Cost of Goods Sold, Purchase discount taken, Transportation-in and Delivery Expense. Instructions Journalize the transactions for the month of August for Limitless Sports Ltd. using a perpetual inventory system. Sales and purchases are recorded using gross invoice price. (Transportation fees are evenly allocated to sales and purchase transactions)