Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner,...
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Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $8,250 cash and $35,475 of photography equipment in the company. August 2 The company paid $3,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,568 cash. August 20 The company received $2,850 cash from taking photos for customers. August 31 The company paid $868 cash for August utilities. Open a ledger account for Cash in balance column format. Post general journal entries that impact cash from above transactions to the ledger account for cash. Date Debit 101: Cash Credit Balance Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $8,250 cash and $35,475 of photography equipment in the company. August 2 The company paid $3,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,568 cash. August 20 The company received $2,850 cash from taking photos for customers. August 31 The company paid $868 cash for August utilities. Open a ledger account for Cash in balance column format. Post general journal entries that impact cash from above transactions to the ledger account for cash. Date Debit 101: Cash Credit Balance
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