Current Attempt in Progress Karen White opened her interior design firm, KM Designs. Transactions made by KM Designs for the month of August are shown below. 1. The owner invested $16,000 cash in the business. 2. The company purchased $6,400 of office equipment on credit. 3. The company received $4,800 cash in exchange for services performed. 4. The company paid $640 for utilities in August. 5. The owner withdrew $1,600 cash for personal use.