PRINTER VERSION 4BACH Brief Exercise 3-2 Sheffield 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 O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) | $2,550 of equipment in the business Aug. 2 Invested $11,620 cash a 7 Purchased supplies on account for $480. (Debit asset account.) 12 Performed services for clients, for which $1,194 was collected cash and $686 was billed to the clients. 15 Paid August rent $545 19 Counted supplies and determined that only $244 of the supplies purchased on August 7 are still on hand. Account Titles and Explanation Debit Credit Date Aug. 2 Aug. 12