For your practice assignment, you only need to do the part a) requirement. I need you to complete the journal entries and the posting for transactions until August 31 withdrawal transactions only.

Mr. Daniel Craig opened L-Town Carpet Cleaners Inc. on August 1, 2022. During August, the following transactions were completed.

Aug (Dates Below)

1 Invested $73,000 cash in the business as startup capital.

1 Purchased used truck for $25,000, paying $1,700 cash and the balance on account.

3 Purchased cleaning supplies for $4,100 on account

5. Paid $2,160 cash on one-year insurance policy effective August 1.

14 Billed customers $7,600 for cleaning services.

18. Paid $4,100 cash on amount owed on truck and $1,150 on amount owed on cleaning supplies.

20. Paid $3,800 cash for employee salaries.
21. Collected $ 3,100 cash from customers billed on August 14.

28. Billed customers $4,800 for cleaning services.
29. Purchased cleaning Supplies $1,450 and paid cash.

31. Paid gas and oil for month on truck $385.

31. Withdrew $2,800 cash for owners personal use.

31 Hired a part-time office receptionist; salary is $2,450 per month.

31. Signed a contract to maintain and clean carpets at Lawton City Hall, $2,855 per month.

The chart of accounts for L-Town Carpet Cleaners Inc. contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157 Equipment-Truck, No. 158 Accumulated Depreciation Equipment-Truck, No. 201 Accounts Payable, No. 212 Salaries Payable, No. 311 Daniel Craig, Capital, No. 320 Daniel Craig, Drawings, No. 350 Income Summary, No. 400 Service Revenue, No. 633 Gas & Oil Expense, No. 634 Cleaning Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, No. 726 Salaries Expense.

Instruction: Submit neat, legibly handwritten in blue ink, properly filled out and compiled working papers. Arranged the papers properly by page numbers.

1. Journalize and post the August transactions. Use page J1 for the journal and the four- column form of account showing account titles and account numbers. Skip one space between journal entries.