The Wyndham Wholesale Company began operations on August 1, 2021. The following transactions occur during the month of August. a. Owners invest $50,000 cash in the corporation in exchange for 5,000 shares of common stock. b. Equipment is purchased for $20,000 cash. c. On the first day of August, $6,000 rent on a building is paid for the months of August and September. d. Merchandise inventory costing $38,000 is purchased on account. The company uses the perpetual inventory system. e. $30,000 is borrowed from a local bank, and a note payable is signed. f. Credit sales for the month are $40,000. The cost of merchandise sold is $22,000. g. $15,000 is collected on account from customers. h. $20,000 is paid on account to suppliers of merchandise. i. Salaries of $7,000 are paid to employees for August. j. A bill for $2,000 is received from the local utility company for the month of August. k. $20,000 cash is loaned to another company, evidenced by a note receivable. l. The corporation pays its shareholders a cash dividend of $1,000. Required: 1. Prepare a journal entry for each transaction. 2. Prepare an unadjusted trial balance as of August 31, 2021