William Scott had the following balance on September 1, 2021 for his lifestyle brand Splash Fashion House Ltd: Cash $70,000, Furniture $150,000, Accounts Receivable $95,000, Accounts payable $40,000 and share capital 5,000 shares @ $55 each.

During the month, the following transactions were completed:

Sept 3: Shareholders purchased additional 1,500 shares of each $55 in cash payment.

Sept 10: Purchased clothes of $55,000 in which 40% has been paid in cash and for the rest 2/10 net 30 discount term has been imposed.

Sept 14: A bill was received for selling goods on account from a company of $3,000.

Sept 17: Payment has been done to the accounts payable (related to Sept 10).

Sept 27: Salaries & wages expense for $ 35,000 which will be paid on later period.

a) Present the journal entries for the above transactions.

b) Post the journal entries to the ledger.

c) Present a trial balance from the ledger accounts.