ACC/421 Intermediate Accounting 1 Week 5

Hi,

Can you help me resolve the attached problem?

Brief Exercise 3-2 Bramble Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Aug. 2 Invested $12,200 cash and $2,710 of equipment in the business. 7 Purchased supplies on account for $520. (Debit asset account.) Performed services for clients, for which $1,359 was collected in cash and $606 was billed to 12 the clients. 15 Paid August rent $636. Counted supplies and determined that only $283 of the supplies purchased on August 7 are 19 still on hand. Date Aug. 2 Aug. 12 Account Titles and Explanation Debit Credit