Wrone & Associates, Inc. completed the following transactions during August 2018, its first month of operations (Click the icon to view the transactions.] Requirement 1. Using the steps outlined in the five-step transaction analysis, joumalize the transactions of Wrona & Associates, Inc. List transactions by date. Use the following accounts: Cash, Accounts receivable, Supplies, Building, Accounts payable Common stock, Service revenue, Salaries expence, and Rent expense Record dette first, then credits Select the explanation on the last line of the joumal entry table) Aug 1: Said $80,000 of common stock to Karen Whone to start the business Journal Entry Data Aug Accounts and Explanations Debit Credit CD More info Aug 1 So $80,000 of common stock to Karen Wrona to start the busness 3 Purchased supplies on account, $100 5 Paid cash for a building to use for storage $25.000 Performed service for customers and received cash, $2,000 11 Paid on accounts payable, $50 18 Performed service for customers on account, $3,300 24 Received cash from a customer on account, $500 31 Paid the following expenses salaries, 5000, and rent, $1,200 Print Done