CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 1 Not yet answered Marked out of 20.00 P Flag question Transaction Analysis and Trial Balance BC Back-Country Airlines, Inc., operates leased amphibious aircraft and docking facilities, equipping the firm to transport campers and hunters from British Columbia, Canada, to outpost camps owned by various resorts. On August 1, the firm's trial balance was as follows: BC BACK-COUNTRY AIRLINES, INC. Unadjusted Trial Balance August 1, 2016 Debit Credit $83,200 23,800 Cash Accounts Receivable Accounts Payable Notes Payable Common Stock Retained Earnings Totals $2,300 3,600 80,000 21,100 $107,000 $107,000 During August, the following transactions occurrec: Aug 1Paid August rental cost for aircraft, dockage, and dockside office, $6,600 insurance premium for August, $3,400. 2 Paid the 3 Paid for August advertising in various sports magazines, $2,100 4 Rendered fly-in services for various groups for cash, $17,350. 5 Billed the Canadian Ministry of Natural Resources for services in transporting mapping personnel, $4,500. 6 Received $21,000 on account from clients. 7 Paid $2,300 on accounts payable 8 Billed various dients for services, $20,000. 9 Paid interest on an outstanding note payable for August, $135 10 Paid August wages, $15,400. 11 Received invoice for the cost of fuel used during August, 54,200 12 Paid a cash dividend, S5,100 (debit Retained Earnings)