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Cheyenne Repair Shop had the following transactions during the first month of business as a property. August 2 Invested $11,290 in cash and $2,740 in

Cheyenne Repair Shop had the following transactions during the first month of business as a property. 

 August 2 Invested $11,290 in cash and $2,740 in equipment in the business. 

7 He bought supplies on account for $450. (Asset debit account.) 

12 Performing services to customers, for which $1,303 was collected in cash and $689 was billed to customers. 

15 Paid rent for August $634. 

  1. 19 She counted the supplies and determined that only $263 of the supplies purchased on August 7 remain available.

  2. Record the above transactions.

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August 2 Cash 11290 Equipment 2740 Owners Capital 14030 August 7 Supplies 450 Accounts Payable 450 A... blur-text-image

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