Current Attempt in Progress One Cullumber Corp. had the following transactlons during the first month of business. Aug 2 Owner Invested $11,850 cash and $2,460 of equlpment in the business in exchange for common shares. 7 Purchased supplles on account for $590. (Deblt asset account.) 12 Performed services for clients, collecting $1,245 in cash and billing the cllents $500 for the remalnder. 15 Pald August rent, $645. 19 Counted supplies and determined that only $285 of the supplles purchased on August 7 were still on hand. Journalize the transactlons. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry' for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)