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Cool Cupcakes is the name of the business owned by Gigi Tan. Following events occurred during the month of August 20 times 1. Some of the events are personal to the owner and do not affect the business. Others are business transactions that should be recorded by the business. All payments of cash are made from the business' bank account. a. Gigi invested $10,000 in the business. b. Purchased $2, 400 of supplies agreeing to pay half by the end of August and the remaining balance by end of September. c. Determined that the cost of supplies on hand was $ 1,000 at the end of August. d. Paid half the amount owed to the suppliers for supplies purchased. e. Signed a contract to open a new outlet at the Ang Mo Kio Bus Interchange. f. Gigi gave tuition to three Primary 1 students earning a total of $300 and put the cash into her personal bank account. g. Paid $3, 600 for her holiday with her family. h. Paid for shop rent of S 1, 200 and advertising expense of $800. i. Total number of cupcakes sold for the month of August was 3,000. Each cupcake costs $3. All the customers paid in cash. j. Gigi obtained a housing loan from the DBS Bank to finance the purchase of her condominium apartment. k. Bought machinery to seal the cups for $50,000 on credit. l. $500 worth of supplies were defective. Gig returned them to the supplier and received full credit for their cost. m. Received a utilities bill for $1, 500 from Singapore Power for the month of August. The bill will be paid next month. Prepare the necessary journal entries to record the transactions in the business' books. Narrations are not required. Prepare the Cash ledger account using the format provided. How much cash does the business have at the end of August