Question
Sheridan Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select
Sheridan 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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Aug. 2 Invested $12,320 cash and $2,710 of equipment in the business. 7 Purchased supplies on account for $480. (Debit asset account.) 12 Performed services for clients, for which $1,193 was collected in cash and $722 was billed to the clients. 15 Paid August rent $580. 19 Counted supplies and determined that only $296 of the supplies purchased on August 7 are still on hand. Date Account Titles and Explanation Debit Credit Aug. 2 Aug. 2Aug. 7Aug. 12Aug. 15Aug. 19 Aug. 12 Aug. 2Aug. 7Aug. 12Aug. 15Aug. 19 Aug. 2Aug. 7Aug. 12Aug. 15Aug. 19
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