Complete the following transactions in the August Journal Entries tab in your workbook
August 5- paid employee for period ending 7/31
August 8- Receive payments from customers towards accounts receivable in amount of $3200.
August 10 -paid July telephone bill
August 15- Purchase additional baking supplies in amount of $5000 from vendor, on account.
August 15- Accrue wages earned for employee from period of 1st through 15th of August
August 15- Pay rent on bakery space $1500
August 18- Receive payments from customers towards accounts receivable in amount of $1000
August 20- paid $8500 toward baking supplies vendor payable
August 20- pay employee for period ending 8/15
August 22- $300 in misc. supplies purchased
August 31- received telephone bill for August in amount of $45. Payment is due on September 10th.
August 31- Accrue wages earned for employee for period of August 16th through August 31st.
August bakery sales total $20,000. $7,500 of this total on accounts receivable.