ABC company are involved with the following transactions for 2021 from the books of the business. This company operates one bank account to reflect all cash and cheque transactions. You are now required to read these transactions carefully then prepare the relevant documents and books as outlined in the requirements below. 1 Aug 3 Aug 5 Aug 7 Aug 10 Aug 10 Aug 11 Aug 12 Aug Started business with $150, 000 in the bank Bought supplies on credit from Right Way Manufacturers 24 Boxes Air Filter 96 Bottles fuel injector cleaner 48 Boxes Spark Plug 36 Boxes Brake Shoe 24 Boxes Disc Pads Provided services for cash less 10% discount 12 small motorbike engines 6 large motorbike engines (full service) 8 medium size motorbike engines (full service) Paid Rent by cheque Paid Wages by cheque Bought Fixtures from CT Limited paying by cash Provided services on credit to Auto Care. 24 small motorbike engines 8 large motor bike engines (partial service) 12 medium size motorbike engine (partial service) Bought Fixtures on credit from CT Ltd $720.00 per box $200.00 per bottle $300.00 per box $580.00 per box $400.oo per box $350.00 per engine $950.00 per engine $800.00 per engine $5,000.00 $8,000.00 $3,500.00 $350.00 per engine $650.00 per engine $550.00 per engine $8,000.00 -2- 13 Aug 14 Aug 21 Aug 22 Aug 23 Aug 27 Aug 27 Aug 28 Aug 28 Aug 29 Aug 30 Aug Received a loan from NBC cash Provided services on credit to P&S Auto 18 Large motorbike engines (full service) 12 medium size motor bike engines 24 medium size motorbike engines 20 small motorbike engines Paid CT Ltd by cheque Paid wages cash $25,000.00 $950.00 per engine $650.00 per engine $550.00 per engine $350.00 per engine $8,000.00 $8,000.00 Paid Right Way Manufacturer the amount owing to them by cheque, they allowed us a 15% discount P&S Auto paid the amount owing by them in Cash less 10 % discount Electricity paid by cash $1,500.00 The owner took $5000 out of the bank for his personal use. Provided services for cash 12 small motorbike engines 6 medium size motorbike engines 4 medium size motor bike engines Bought supplies on credit from big J Manufacturers 4 Bottles Fuel Injector Cleaner 9 Boxes Air Filters 8 Boxes Sparks Plugs Provided service for cash $350.00 per engine $550.00 per engine $800.00 per engine $200.00 per bottle $720.00 per box $300.00 per box -3- 31 Aug 8 small motorbike engines 7 Large motorbike engines 8 Medium motorbike engines Supplies on hand 5 Boxes Air Filter 6 Bottles fuel injector cleaner 12 Boxes Spark Plug 13 Boxes Brake Shoe 9 Boxes Disc Pads $350.00 per engine $950.00 per engine $550.00 per engine $720.00 per box $200.00 per bottle $300.00 per box $580.00 per box $400.oo per box To avoid duplication of account names and the use of improper account names, the company has provided the following list of accounts used to record its transactions as extracted from its chart of accounts: Capital Cash Supplies Right Way Manufacturers J Manufacturers P&S Auto CT Ltd Service Revenue Discount Allowed Rent Expense Wages Expense Supplies Expense Fixtures Auto Care Loan NBC Discount Received Electricity Expense Drawings -4- Requirements: A. Create a name for the owner of the company and give the business a name that reflects the operations of the organization. B. Record the transactions stated above in the general journal. C. Post the transactions to the general ledger and balance off each account