Tesla Inc. :

Date	Description	Debit ($)	Credit ($)
2024-08-01	Initial Capital	300,000
2024-08-02	Purchased Office Supplies	10,000
2024-08-05	Paid Office Rent	12,000
2024-08-10	Services Rendered (70% on credit)		100,000
2024-08-15	Received Payment from Customers	55,000
2024-08-18	Paid Salaries	20,000
2024-08-20	Purchased Equipment (paid in cash)	25,000
2024-08-25	Utility Expenses Paid	3,500
2024-08-28	Loan Received	60,000
2024-08-30	Interest on Loan	1,500

Requirements:

1. Record the journal entries for the transactions of Tesla Inc.
2. Post the transactions to the ledger accounts.
3. Prepare a trial balance as of August 31, 2024.
4. Prepare the income statement and balance sheet for the month ended August 31, 2024.