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Spring Consulting, a sole proprietorship, completed the following transactions during August 2022. Aug 1 Jim Yu, the owner, transferred title of his data system equipment

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Spring Consulting, a sole proprietorship, completed the following transactions during August 2022. Aug 1 Jim Yu, the owner, transferred title of his data system equipment into the business. The equipment has a fair value of $22,000. 2 Purchased $5,200 of office equipment by paying $2,500 cash and the balance to be paid in 20 days. 6 Completed $3,800 of consulting services for a client, who will pay in 30 days. 8 Purchased an $82,000 building by signing a 3 year 6% note with his financial institution 11 Paid $650 for September's advertisement that will be in the newspaper. 12 Placed an order with a company for $980 of supplies to be delivered September 18. The order must be paid for within 30 days after it arrives. 14 Received a $1,425 prepayment from a client for services to be provided in September 22 Paid for the purchase on August 2 25 Received $1,450 as partial payment for the work completed from the August 6 transaction. 31 Jim Yu withdrew $1,900 cash from the business for personal use. I REQUIRED: Prepare the journal entries for the above transactions on the general Journal form provided

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