Splish 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 automatically indented when amount is entered. Do not indent manually.) Aug. 2 Invested $11,630 cash and $2,400 of equipment in the business.
7 Purchased supplies on account for $490. (Debit asset account.)
12 Performed services for clients, for which $1,393 was collected in cash and $736 was billed to the clients.
15 Paid August rent $555.
19 Counted supplies and determined that only $267 of the supplies purchased on August 7 are still on hand.