ACCT 201 Cose Spring 2018 Canine Cuisine, Inc. Page 3 In August, 2018, Conine Cuisine, Inc. cuisine via the internet te individual and commercial customers across and Pachi Lee are the major steckhalders in this corperation was estoblished in Lafoyette, Lousiona, to sell gurmet dog Part I The cempany c-eted the following tra sections dring st 2018. August1 Stackholders (Luke and Pachi) invested $60,000 cash in the business 3 Purchased a computer system for use in the business for $12,000 poid $5,000 down and sgned o 1 year 12% note for the belonce. Hired Ima Nurd to design, set up, and operate the compony's webeite paid 1/3 in cash and the balance on account 8 Purchased $21,000 of gourmet dog cuisine from a local monufacturing compony 10 Paid $6,000 for a one-year insurance policy effective August 1, 2018. If Received $9,000 cash for services to be provided from August 1 through October 31, 2018. 12 Purchased supplies for $6,200 on account 15 Paid $2,800 te advertise the opening of their business. 18 Sold gourmet dog cuisine to customers on account for $26,000 the cuisine cost $11,000 23 Paid $4,700 to creditors on account 25 Collected $12,600 from customers billied on August 18. 27 Sold gourmet dog cuisine to customers for $4,400 cash the cuisine cost $1,300 29 Paid $800 for utilities used during August 30 Declared and paid a $900 dividend REQUIRED: Journalize the August transoctions in the general journal. 31 General Journal Date Account Titles Ref Debit Credit