\f\f\f\f\f\f\f\f[Insert text] [Insert value] [Insert text] [Insert value] [Insert text] [Insert value] [Insert text] [Insert value] [Insert text] [Insert value] [Insert text] [Insert value] [Insert text] [Insert value] [Insert text] [Insert value] Total Current Liabilitiu 5 - long Term Liabilities: [Insert text] [Insert value] [Insert value] August 1: The business owner loaned the company SI0,00D at 4% interest annually to be paid in full in three years. August 15: A new oneyear lease agreement was signed for a new sporting goods store. The rent is 51,352]I per month for the year. The lease begins on September 1 and is effective through August 51 of the next year. A payment of the rst month's rent plus a deposit payment of S2,0DD was made. {Info only. The deposit remains in Prepaid Rent until the end of the lease] August 25: Purchased 15 golf club sets for $241] each to sell at the store from vendor A, on account with terms of 1E1CI net SO. August 31: Paid $2,400! for a 12month insurance policy. Policy effective dates are September 1 through August 51. September 1: Expense September rent paid in August. September 15: Purchased 25 bicycles for $25 each to sell at the store from vendor E, on account with terms of 1,-"1CI net SO. September 21: A part-time worker was hired at $15 per hourto work the customer service desk. One pay period is the lst of the month through the 15th, and the other is the 15th through the end of the month. Paydays are the 20th for the first pay period and the 5th of the following month for the second pay period. September 24: Paid $256 toward merchandise from vendor A. September SCI: Sold 15 bicycles on special at $150 each and 5 golf club sets at $350 each. The customer put 12% on account and paid cash for the rest. September SCI: Calculate the payroll accrual for employee's first paycheck for 12 hours to be delivered on October 5. September SCI: Recorded impact of sales transaction on COGS and the inventory asset. October 1: Paid October rent on new sporting goods space. October 5: Paid employee for period ending September 30. October 15: Collected S5CIO on account from customers. October 13: Paid $550 toward merchandise from vendor 5. October 20: Paid employee with 21] hours for period ending October 15. October 25: Paid remaining payable for merchandise from vendor A. October 25: Purchased 25 more golf club sets for $25!} each to sell at the store from vendor A, on account with terms of 1,610 net 50. \f