Please prepare the journal entries for the transactionsbelow:

Joan Miller Advertising Agency

This comprehensive problem involving the Joan Miller AdvertisingAgency covers all the learning objectives on measuring businesstransactions and measuring business income. The July31, 20xx, post-closing trial balance for the Joan MillerAdvertising Agency appears at the bottom of the next page. DuringAugust, the agency engaged in thesetransactions:

Aug.1   Received an additional investment of cash fromJoan Miller, $6,300.

Purchased additional office equipment with cash, $1,200.

5    Received art equipment transferred to thebusiness from Joan Miller $1,400

6    Purchased additional office supplies withcash, $90

7    Purchased additional art supplies on creditfrom Taylor Supply Company, $450.

8    Completed the series of advertisements(total price $800) for Marsh Tire Company that began on July 31.  The July 31 portion was $200.

Paid the secretary for two weeks’ wages, $1,200. The last payperiod ended Friday July 26.

Paid the amount due to Morgan Equipment for the office equipmentpurchased last month $1,500.

Accepted an advance in cash for artwork to be done for anotheragency, $1,600.

Purchased a copier (office equipment) from Morgan Equipment for$2,100, paying $350 in cash and agreeing to pay the rest in equalpayments over the next five months.

Performed advertising services and received a cash fee,$1,450.

Received payment on account from Ward Department Stores forservices for services performed last month, $2,800.

Paid amount due for the telephone bill that was received andrecorded at the end  of July $140.

Performed advertising services for Ward Department Stores andagreed to Accept payment next month, $3,200.

Performed art services for cash, $580.

Received and paid the utility bill August, $220.

Paid the secretary for two weeks’ wages, $1,200.

Paid the rent for September in advance, $800.

Received the telephone bill for August, which is to be paid nextmonth, $160.

Paid cash to Joan Miller as a withdrawal for personal expenses,$1,400.

REQUIRED

Record the transactions for August in journal form