Current Attempt in Progress

One Wildhorse Corp. had the following transactions during the first month of business.

Aug. $2$ Owner invested $$11,050$ cash and $$2,545$ of equipment in the business in exchange for common shares.

$7$ Purchased supplies on account for $$550.($Debit asset account.$)$

$12$ Performed services for clients, collecting $$1,310$ in cash and billing the clients $$575$ for the remainder.

$15$ Paid August rent, $$665.$

$19$ Counted supplies and determined that only $$220$ of the supplies purchased on August $7$ were still on hand.

Journalize the transactions. $($List all debit entries before credit entries. Credit account titles are automatically indented when amount is

entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Record journal

entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit