Question 5 (11 marks) (Note this question is from the Week 10 Tutorial) Everest Sports owned by Dean Jones sells sports equipment to schools and sporting clubs in Victoria. The following balances were reported in the Balance Sheet as at 30 June 2020. Account Name Balance ($) Cash at bank 19 700 Accounts receivable 1 400 Accounts payable 600 Capital Tim Lane 20 500 Transactions for July 2020 were as follows: July Received $1400 from accounts receivable 2 3 Paid $500 of accounts payable 4 Paid rent for July $700 5 Sent invoice to customer $5600 7 Purchased office equipment for cash $2000 9 10 14 Recorded cash sales $800 Recorded credit sales $1500 Purchased office supplies for cash $330 Recorded cash sales $2000 Cash drawing by Dean Jones $800 23 31 Required: A. Prepare worksheet entries for the business transactions for the month ended 31 July 2020. (7 marks) B. Summarise the procedures you would undertake if an accounting worksheet does not balance. (4 marks. Word limit: minimum 120 to maximum 150 words)