Nash Repair Shop had the following transactions during the first month of business as a...
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Accounting
Nash 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 0 for the amounts. Credit account titles are outomatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) Aug. 2 Invested $11,280 cash and $2,340 of equipment in the business. 7 Purchased supplies on account for $550. (Debit asset account) 12 Performed services for clients, for which $1,348 was collected in cash and $631 was billed to the clients. 15 Paid August rent $617. 19 Counted supplies and determined that only $291 of the supplies purchased on August 7 are still on hand
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