Question: Journalize the five transactions for Mirmax Tool Rentals described below. Aug. 1 Mirmax purchases two new saws on credit at $375 each. The saws are

Journalize the five transactions for Mirmax Tool Rentals described below.
Aug. 1 Mirmax purchases two new saws on credit at $375 each. The saws are added to Mirmax's rental inventory. Payment is due in 30 days.

8 Mirmax accepts advance deposits for tool rentals of $75 that will be applied to the cash rental when the tools are returned.

15 Mirmax receives a bill from Macon Utility Company for $150. Payment is due in 30 days.

20Customers are charged $750 by Mirmax for tool rentals. Payment is due from the customers in 30 days.

31Mirmax receives $500 in payments from the customers that were billed for rentals on August 20.

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