In August, 2016, Chow buddies was established in lafayette to sell gourmet dog cuisine via the internet to individual and commercial customers across the U.S. Lucke ward and Pachi Lee are the major stockholders in this corporation.

The company completed the following transactions during August 2016. Journalize the august transactions in the general journal.

August 1) Stock holders invested $60,000 cash in the business

August 3) Purchased a computer system for use in the business for $12,000; paid $5000 down and signed a 1 year 12% note for the balance.

August 5) Hired Ima Nurd to design, set up, and operate the company's website.

August 8) Purchased $21000 of gourmet dog cuisine from a local manufacturing company; paid 1/3 in cash and the balance on account.

August 10)paid $6,000 for a 1 year insurance policy effective on August 1st

August 11)Received $9,000 cash for services to be provided from August 1 through october 31, 2016.

August 12) Purchased supplies for $6,200 on account.

August 15) Paid $2,800 to advertise the opening of their business

August 18) Sold gourmet dog cuisine to customers on account for $26,000; the cuisine cost $11,000

August 23) Paid $4,700 to creditors on account

August 25) Collected $12,600 from customers billed on August 18

August 27)Sold gourmet dog cuisine to customers for $4,400 cash; the cuisinee cost 1,300

August 29) Paid $800 for utilities used during August

August 30) Declared and paid a $900 dividend