Lochlan Mystrie opened a wedding planning business. Record the following transactions in the journal of the business. Include an explanation with each journal entry.
Sep. 1 Mystrie invested $29,000 cash in a business bank account to start his business. The business received the cash and gave Mystrie owner's equity in the business.
2 Purchased decorating supplies on account, $9,500.
2 Paid cash for September's office rent of $4,100.
3 Recorded $6,800 revenue for services rendered to clients on account.