The compnay began operations on August 1 with the following transactions during the first month of operation. Fill in the following table, including the net income and change in cash balance.If the item is an expense, loss, or cash outflow enter it as a negative number. Please answers all blank and give reasons.

Accrual Cash A B Aug 1 Paid August office rent of $30,000. C D Aug 5 Purchased $240,000 for merchandise inventory. Bought it on credit. Will pay for it September 4. E F Aug 16 Sold merchandise for $360,000 to customers at retail that cost $120,000 wholesale. 75 percent of the sales were on credit and the remaining 25 percent were for cash. Credit sales will be collected September 15. G H Aug 17 Received and paid a $12,000 advertising bill for August, September, and October. C Aug 30 Paid September office rent of $30,000 XXXXXXX K Aug 31 Change in cash balance L XXXXXXX Aug 31 August net income