Monty 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 for the amounts Credit account tities are automatically indented when amount is entered. Do not indent manually) Aug. 2 7 12 Invested $11,280 cash and $2,340 of equipment in the business, Purchased supplies on account for $550. (Debit asset account.) Performed services for clients, for which $1,348 was collected in cash and $631 was billed to the clients. Pald August rent $617. Counted supplies and determined that only $291 of the supplies purchased on August 7 are still on harid. 15 19 Date Account Titles and Explanation Debit Credit