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Agazzi Repair shop had the following transaction during the first month of business as a proprietorship. Journalize the transaction (omit explanation) Aug 2 Invested $12,000
Agazzi Repair shop had the following transaction during the first month of business as a proprietorship. Journalize the transaction (omit explanation)
Aug 2 Invested $12,000 cash and $2,500 of equipments in the business.
7. Purchased supplies on account for $500. (Debt asset account.)
12. Performed services for client, for which $1,300 was collected in cash and $670 was billed to the clients
15. Paid Augus rent $600
19. Counted supplies and determined that only $270 of the supplies purchased on August 7 are still on hand.
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