Sarah Co sells goods and performs services for various customers on credit. On Aug 1, 2021 "Accounts Receivable" had a debit balance of $200. During the month of August, the following transactions occurred. Aug 2. Performed services to customer ABC and billed the customer $450. Aug 5 Sold merchandise on account to Box Co, for $800, terms 2/10,n/30. Aug 7. Box Co. Returned merchandise worth $350. Aug 25. Sarah Co. Collected the amount due from Box Co. Required: (a) Prepare the journal entries for the above transactions (Ignore COGS) (16 pts) (b) What is the balance of Accounts Receivable on August 31 (4 pts)