One Wiser Corp. had the following transactions during the first month of business. Journalize the transactions. August

One Wiser Corp. had the following transactions during the first month of business. Journalize the transactions.

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August 2 nvested $12,000 cash and $2,500 of equipment in the business in exchange for common shares. 7 Purchased supplies on account for $600. (Debit asset account.) 12 Performed services for clients, collecting $1,300 in cash and billing the clients $670 for the remainder. Paid August rent, $600. Counted supplies and determined that only $270 of the supplies purchased on August 7 were still on hand. 15 19