The Sandhill Shop, owned by Andrew John, sells skateboards in the summer and snowboards in the winter. The shop has an August 31 fiscal year end, and uses a perpetual inventory system and the earnings approach. On August 1, 2024, the company had the following balances in its general ledger: During August, the last month of the fiscal year, the company had the following transactions: During August, the last month of the fiscal year, the company had the following transactions: Aug. 1 Paid $1,770 for August's rent. 2 Paid $6,500 of the amount included in Accounts Payable. 4 Sold merchandise costing $7,900 for $12,000 cash. 5 Purchased merchandise on account from Orange Line Co., n/30,FOB shipping point, for $24,000. 5 Pijd freight charges of $530 on merchandise purchased from Orange Line Co. 8 Purchased supplies on account for $360. 9 Refunded a customer $425 cash for returned merchandise. The merchandise had cost $262 and was returned to inventory. 10 Sold merchandise on account to Spider Company for $16,050, terms 2/10,n/30,FOB shipping point. The merchandise had a cost of $9,705. 11 Paid Orange Line Co. for half of the merchandise purchased on August 5. 12 Spider Company returned \$750 of the merchandise it purchased. Sandhill Shop issued Spider a credit to its account. The merchandise had a cost of $461 and was returned to inventory. 15 Paid salaries, $3,160 19 Spider Company paid the amount owing. Question 1 of 1 10 Sold merchandise on account to Spider Company for $16,050, terms 2/10, n/30, FOB shipping point. The merchandise had a cost of $9,705. 11 Paid Orange Line Co. for half of the merchandise purchased on August 5. 12 Spider Company returned $750 of the merchandise it purchased. Sandhill Shop issued Spider a credit to its account. The merchandise had a cost of $461 and was returned to inventory. 15 Paid salaries, $3,160 19 Spider Company paid the amount owing. 21 Purchased $9,700 of merchandise from Rainbow Option Co. on account, terms 2/10,n/30,FOB destination. 23 Returned $800 of the merchandise to Rainbow Option Co. and received a credit on the account. 24 Received $520 cash in advance from customers for merchandise to be delivered in September. 30 Paid salaries, $3,160 30 Paid Rainbow Option Co. the amount owing. 31 Andrew John withdrew $4,900 cash. Record the August transactions. (Credit adyount bitles cre outomatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "Ko Enth" for the cocount diates and enter O for the anounts. Record Journal entries in the order presented in the problem. Ust all deblt entries before crealit enteriesi