Current Attempt in Progress

Oriole Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. $($If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

Aug. $2$ Invested $$11,440$ cash and $$2,730$ of equipment in the business.

$7$ Purchased supplies on account for $$460.($Debit asset account.$)$

$12$ Performed services for clients, for which $$1,395$ was collected in cash and $$612$ was billed to the clients.

$15$ Paid August rent $$562.$

$19$ Counted supplies and determined that only $$249$ of the supplies purchased on August $7$ are still on hand.

Date

Account Titles and Explanation

Debit

Credit