Part 2: Journalizing transactions: Chapter 3 Make sure you are able to journalize transactions mentioned below: The Grace Company started business in the month of August 2020 and had the following transactions: Aug 1. Started business with $20,000 cash raised by issuing common stock Aug 1. Paid rent cash $4,000 to cover a period of 6 months Aug 5. Purchased supplies for $3,000 on account Aug 6. Collected advance payment of $1,600 from a client before offering the service Aug 8. Paid administrative assistant weekly wage of $500 Aug 11. Paid creditors on account $1,800 Aug 12. Completed services and billed a client $900 1 Aug 20. Received part payment of $600 cash from a client to whom services had been provided on Aug 12 Aug 25. A Car Note for $25,000 was signed for the purchase of a company vehicle Aug 31 Physical count determined that $700 worth of supplies were still available Required: Journalize the above transactions (narrations not required) 1