Transactions: Aug 1 1 2 4 4 7 11 12 13 Received cash from owner as an investment, $18.000.00. R1. Paid cash for rent. $3.600.00. C1. Paid cash for electric bill, S210.00. C2. Paid cash for supplies, $900.00. C3. Paid cash for insurance. $2.400.00. C4. Bought supplies on account from Dakota Supplies, $1.000.00. M1. Paid cash to establish a petty cash fund. $200.00. C5. Received cash from sales, S950.00. T12 Paid cash for repairs. $500.00. 08. Paid cash for miscellaneous expense. $80.00.07. Sold services on account to Valley College, S450.00. S1. Paid cash for advertising. $600.00.C3. Paid cash to owner for personal use. $500.00. C. Paid cash on account to Dakota Supplies. $600.00. C10. Sold services on account to Skiffton University, S850.00 52. Paid cash for miscellaneous expense, S190.00. C11. Received cash on account from Valley College, S250.00. R2. 13 13 14 15 15 15 18 18 Journalize the transactions completed during August of the current year. Use page 1 of the journal. Source documents are abbreviated as follows: check stub, c, memorandum, M; receipt, R; sales invoice, S, calculator tape, T. Journalize the transactions completed during August of the current year. Use Page 1 of the journal. Source documents are abbreviated as follows: check stub, C; memorandum, M; receipt, R; sales invoice, S, calculator tape, T. PAGE 1 GENERAL JOURNAL DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT 1 1 2 2 3 4 5 5 7 7 8 9 10 10 11 : 12 12 13 13 14 14 15 15 16 16 17 18 18 19 19 20 20 2: 22 22 23 23 24 25 25 26 26 27 29 29 30 30 32 55 34 34 CHART OF Peak Performance General Ledger REVENUE ASSETS 110 Cash 410 Sales 120 Petty Cash 130 Accounts Receivable-Skiffton University 140 Accounts Receivable-Valley College 150 Supplies 160 Prepaid Insurance EXPENSES 510 Advertising Expense 520 Cash Short and Over 530 Insurance Expense 540 Miscellaneous Expense 550 Rent Expense LIABILITIES 210 Accounts Payable-Dakota Supplies 220 Accounts Payable-Seaside Supplies 580 Repair Expense 570 Supplies Expense 580 Utilities Expense EQUITY 310 Jasmine Quinn, Capital 320 Jasmine Quinn, Drawing 330 Income Summary