Agazzi Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (Omit explanations.)
Aug 2 Invested $12,000 cash and $2,500 of equipment in the business.
Aug 7 Purchased supplies on account for $500.
Aug 12 Performed services for clients, for which $1,300 was collected in cash and $670 was billed to the clients.
Aug 15 Paid August rent $600.
Aug 19 Counted supplies and determined that only $270 of the supplies purchased on August 7 are still on hand.