Aug. 2

Invested   $12,000 cash and $2,500 of equipment in the business.

7

Purchased   supplies on account for $500. (Debit asset account.)

12

Performed   services for clients, for which $1,300 was collected in cash and $670 was   billed to the clients.

15

Paid   August rent $600.

19

Counted   supplies and determined that only $270 of the supplies purchased on August 7   are still on hand.