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You are presented with the following transactions for J. Green, a sole proprietorship established in the month of August: Aug. 2 The owner, Jason Green,

You are presented with the following transactions for J. Green, a sole proprietorship established in the month of August:

Aug. 2 The owner, Jason Green, invested $ 37,100 in the business.
2 Purchased supplies on account for $ 580.
5 Purchased equipment for $ 10,600 by signing a note payable due in three months.
9 Provided services of $ 15,900. Of this amount, $ 8,000 was received in cash. The balance was on account.
14 Paid salaries of $ 1,300.
15 Paid Jason Green $ 4,600 for his personal use.
19 A customer paid $ 2,600 in advance for services to be provided next month.
22 Paid the balance owing for the supplies purchased on August 2.
25 Collected the $ 7,900 of the amount owing from the August 9 transaction.
26 Paid office expense of $ 3,400.
30 Paid interest of $ 50 on the note payable signed on August 5.

image text in transcribedimage text in transcribed

Date Account Titles and Explanation Debit Credit (Invested cash in the business) (Purchased supplies on account) > > > > > > > > > >

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