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Please post the following transactions to the relevant ledger (T-Accounts). You are required to close off (balance the T-Accounts) the ledger at the end of the month.

During the month of August, Falmer Hardware carried out the following transactions:

Aug 1. The owner invested a further $2 000. This was deposited into the business bank account.

Aug 2 Lester Village Credit Union loaned Falmer Hardware $10 000 by cheque

Aug 4 Purchased goods valued $9 000 from P. Lava paying by cheque.

Aug 6 Sold goods on credit to B. Sediment for $8 000 offering a 2% cash discount for payment before the end of the month.

Aug 12 Paid $700 in cash on the electricity bill which totalled $1 000.

Aug 15 Sold goods on credit to L. Sand for $4 000.

Aug 18 Withdrew $1 500 cash from bank for business use.

Aug 19 Purchased goods on credit for $3 000 from L. Silica.

Aug 20 Owner withdrew $600 from cash.

Aug 23 B. Sediment returned goods worth $400.

Aug 28 Cash sales of $11 200 deposited into the bank.

Aug 29 Received a cheque from B. Sediment in full settlement of account.

Aug 30 Paid M. Rockfall $1 200 by cheque in full settlement of his account.

Aug 30. Received cheque for $1 450 from L. Sand.

Aug 31. Paid $4 500 in rent for the next three months by cheque.

Aug 31 Paid monthly wages of $1 200 in cash.

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