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At the beginning of the current season on 1 August, the ledger of Gina Ginetti Golf Pty Ltd showed Cash $9,450; Inventory $9,700 & Share Capital $19,150. The following transactions occurred during August 2018. 5 August 7 August 9 August 10 August 12 August 12 August 17 August 18 August 20 August 27 August 30 August 30 August Purchased on account from Boone Ltd for $4,370, FOB shipping point, terms 2/7, n60 Paid freight on Boone Ltd purchases of $185 Received credit from Boone Ltd for inventory returned $310 Sold inventory on account for $3,300 with terms n/30. Purchased various items on account from Scully Sportswear $1,595 with terms 1/7, n/30 Paid Boone Ltd the amount owed. Received credit from Scully Sportswear for inventory returned $130 Paid Scully Sportswear in full Made sales on account $2,450 with terms n/30. Granted credit to customers for clothing that did not fit for $160 Made cash sales $1,120 Received payments on account from customers $2,260 The chart of accounts for Gina Ginetti Golf includes Cash, Accounts Receivable, Inventory, Accounts Payable Share Capital, Sales, Sales Returns and Allowances, Purchases, Purchase Returns and Allowances, Discount Received, and Freight-in. Required Use the templates provided below for each of the following requirements (a) Journalise the August transactions using a periodic inventory system. (b) Use the T-accounts below to enter the beginning balances in the ledger accounts & post August transactions (c) Prepare a trial balance as at 31 August 2018 (d) Prepare closing entries to close the debit and credit accounts only, assuming inventory on hand at 31 August is $8,425 (e) Prepare a statement of profit or loss up to gross profit