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Tamarisk Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions. (If no entry is required, select

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Tamarisk 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 Ofor the amounts. Credit account tities are automatically indented when amount is entered. Do not indent manually.) Aug. 2 7 Invested $12,080 cash and $2,500 of equipment in the business. Purchased supplies on account for $480. (Debit asset account.) Performed services for clients, for which $1,181 was collected in cash and $725 was billed to the clients. 12 15 Paid August rent $545. 19 Counted supplies and determined that only $277 of the supplies purchased on August 7 are still on hand. Date Account Titles and Explanation Debit Credit

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