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Skysong Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select
Skysong 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 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Aug. 2 7 12 15 19 Invested $12,530 cash and $2,260 of equipment in the business. Purchased supplies on account for $540. (Debit asset account.) Performed services for clients, for which $1,401 was collected in cash and $657 was billed to the clients. Paid August rent $646. Counted supplies and determined that only $267 of the supplies purchased on August 7 are still on hand. Date Account Titles and Explanation Debit Credit
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