mit Quiz Zo Sage opened a renovation business called Cranbrook Construction on August 3, 2020. During the first month of operations, the business completed the following transactions (Click on the icon to view the transactions.) Required Record each transaction in the journal with an explanation. Identify each transaction by date. Use the following accounts: Cash Accounts Receivable Supplies, Furniture Land, Accounts Payable; Z. Sage, Capital Z. Sage, Withdrawals: Service Revenue Rent Expense: Salaries Expense Requirement 1. Record each transaction in the journal with an explanation, using the account titles provided. Identify each transaction by date Start with the August 3rd transaction. Zo deposited a cheque for $42.000 into the business bank account to start the business Record the investment (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) X Transactions Date Aug August 4. Purchased supplies. $340 Aug 3 Sage deposited a cheque for $42.000 into the business bank account to start the business 4 Purchased supplies $340, and furniture $2.600 on account 5 Paid August rent expense. $1,050 cash 6 Performed design services for a client and received $1.800 cash. 7 Paid $28.000 cash to acquire land for a future office site 10 Designed a bathroom for a client billed the client and received her promise to pay the 53,200 within one week 14 Paid for the furniture purchased August 4 on account 15 Paid assistant's salary S570 cash. 17 Received cash on account $2.500 22 Received $4.100 cash from a client for renovation of a cottage 25 Prepared a recreation room design for a client on account $1.400 31 Paid assistant's salary S570 cash 31 Sage withdrew $4000 cash for personal use. Date Next