The Khan Heater Business sells portable heaters and related equipment. The business uses a perpetual inventory system, and its inventory balance at the beginning of September was \(\$ 3900\). Its cash balance was \(\$ 2250\), and the I. Khan, Capital balance was \(\$ 6150\) at the beginning of September. Khan entered into the following transactions during September.

Required:
a Record the above transactions in appropriate accounts.
b Determine the balances in all the accounts at the end of September.
c Calculate the gross profit and the gross profit percentage for September.

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Date 1 Sep. 2 3 5 6 8 15 18 30 Transactions 1. Khan invested another $1350 cash into the business. Made $825 cash sales to customers including GST; the cost of the inventory sold was $420. Purchased $2805 of heaters including GST for cash from Djokovic Supply Business. Received $412.50 cash allowance including GST from Djokovic Supply Business for defective inventory purchased on 3 September. Paid $330 for parts including GST and repaired defective heaters purchased from Djokovic Supply Business on 3 September. Made an $2475 sale of heaters including GST on credit to Botham Nursing Home, with terms of 2/10, n/20; the cost of the inventory sold was $1275. Purchased $1815 of heaters including GST on credit from Donaldson Supplies, with terms of n/15. Received amount owed by Botham Nursing Home for heaters purchased on 8 September, less the cash discount. Paid for the inventory purchased from Donaldson Supplies on 15 September.