Take me to the text Rachel Hill recently started her own shoe repair business. Transactions for the first month of operations (August 2019) are as follows. 1) Rachel invested $15,400 cash in the business. 2) Paid two months of rent in advance, in the amount of $900. 3) Purchased store equipment worth $3,800 with cash. 4) Incurred business registration expenses, paid with $560 cash. 5) Paid travel expenses with $970 cash. 6) Received $2,610 cash from customers for shoe repair services performed during the month. 7) Provided shoe repair services worth $2,310 on account. 8) Paid $1,200 to an assistant. 9) Borrowed $1,780 cash from the bank. 10) Received $670 in bills for electricity, water and telephone, to be paid next month. 11) Rachel withdrew $980 cash for personal purposes. 12) Received $370 owing from a customer for service provided earlier this month.