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.

Q&A Education