Question $1$ of $2$

$-130$

You are presented with the following transactions for J$.$ Taylor, a sole proprietorship established in the month of August:

Aug. $2$ The owner, Jason Taylor, invested $$32,200$ in the business.

$2$ Purchased supplies on account for $$510.$

$5$ Purchased equipment for $$9,200$ by signing a note payable due in three months.

$9$ Provided services for $$13,800.$ Of this amount, $$6,900$ was received in cash. The balance was on account.

$14$ Paid salaries of $$1,100.$

$15$ Paid Jason Taylor $$4,000$ for his personal use.

$19$ A customer paid $$2,250$ in advance for services to be provided next month.

$22$ Paid the balance owing for the supplies purchased on August $2.$

$25$ Collected the remaining $$6,900$ of the amount owing from the August $9$ transaction.

$26$ Paid office expense of $$2,900.$

$30$ Paid interest of $$50$ on the note payable signed on August $5.$

Journalize the August transactions. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Date

Account Titles

Debit

Credit