Show the accounting for all transactions in journal entries. Post journal entries to the T accounts.

Prepare an unadjusted trial balance.

Aug $1$ Sold product costing $$1000$ for $$1550$ on credit with terms of $2/15,$ net$/30.$

Aug $2$ Paid a professional fees invoice for $$850.$

Aug $3$ Purchased product for $$900$ on account with terms of $2/10,$ net$/30.$

Aug $5$ Received utility bills for $$750.$ No payment made at this time.

Aug $7$ Made cash sales of $$1400.$ Original cost was $$950.$

Aug $10$ Received a loan from the bank for $$11000.$

Aug $12$ Made payment on the Aug $3$ purchase within the discount period

Aug $13$ Paid wages of $$900.$

Aug $14$ Sold product costing $$750$ for $$1400$ on credit with terms of $2/15,$ net$/30.$

Aug $15$ Received payment from Aug $1$ sale within the discount period.

Aug $16$ Customer went bankrupt and his account balance of $$300$ was written off.

Aug $17$ Purchased product for $$1800$ on account with terms of $2/10,$ net$/30.$

Aug $19$ Made credit sales of $1800$ Canadian dollars. Exchange rate was $\mathrm{.}85$US$ $=1$ Canadian dollar.

Original cost was $$950.$ Terms are net$/30.$

Aug $22$ $$700$ of product, costing $$400,$ from the Aug $14$ sale was returned.

Aug $23$ $$400$ of product from the Aug $17$ purchase was returned to the vendor.

Aug $24$ Made cash sales of $$2000.$ Original cost was $$1200.$

Aug $25$ Payment was received, outside the discount period, for the merchandise that was kept from the

Aug $14$ sale.

Aug $26$ Purchased product from Mexico on account for $10000$ pesos. Exchange rate was $\mathrm{.}085$$ per peso.

Terms are net$/30.$

Aug $27$ Paid wages of $$1000.$

Aug $28$ Payment was made on the remaining amount of merchandise outside the discount period from

the Aug $17$ purchase.

Aug $30$ On the Aug $24$ sale, a customer complained about the merchandise, and so the customer was

given a $$200$ credit to the customer$$s A$/$R balance.

Aug $31$ Declared and paid a dividend of $$200.$