On January 1, 2019, Caren Baker established Cooking with Caren, which completed the following transactions during the month: 1. Caren Baker transferred cash from a personal bank account to an account to be used for the business, $60,000. 2. Paid rent on office and equipment for the month, $6,000. 3. Purchased supplies on account, $3,200. 4. Paid creditor on account, $1,750. 5. Earned fees, receiving cash, $16,250. 6. Paid automobile expenses (including rental charge) for month, $1,880, and miscellaneous expenses, $420. 7. Paid office salaries, $3,000. 8. Withdrew cash for personal use, $3,000. Prepare journal entries and trial balance. Adjusting Entries and Errors At the end of August, the first month of operations, the following selected data were taken from the financial statements of Tucker Jacobs, an attorney Net income for August $139,500 Total assets at August 31 749.000 Total liabilities at August 31 247.000 Total owner's equity at August 31 502,000 In preparing the financial statements, adjustments for the following data were overlooked: Unbilled fees earned at August 31, $7,660. Depreciation of equipment for August $3,400. Accrued wages at August 31, 52,450. Supplies used during August, $2.140. Required: . . 1. Journalize the entries to record the omitted adjustments Aug. 31 31 31 I 31