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One Cheyenne Corp. had the following transactions during the first month of business. August 2 Invested $12,500 cash and $2,540 of equipment in the business

One Cheyenne Corp. had the following transactions during the first month of business.

August 2
Invested $12,500 cash and $2,540 of equipment in the business in exchange for common shares.
7
Purchased supplies on account for $660. (Debit asset account.)
12
Performed services for clients, collecting $1,300 in cash and billing the clients $650 for the remainder.
15

Paid August rent, $700.
19
Counted supplies and determined that only $220 of the supplies purchased on August 7 were still on hand.

 

What are the journal enteries for each transaction.

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