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aRequired information M . Harris, the owner, invested $ 1 0 , 0 0 0 cash and $ 4 3 , 0 0 0 of

aRequired information M. Harris, the owner, invested $10,000 cash and $43,000 of photography
equipment in the company in exchange for common stock.
Note: Enter debits before credits. The company paid $3,400 cash for an insurance policy covering the next 24
months.
Note: Enter debits before credits. The company paid $3,400 cash for an insurance policy covering the next 24
months.
Note: Enter debits before credits.The company received $3,800 cash from taking photos for customers.
Note: Enter debits before credits.
[The following information applies to the questions displayed below.]
Following are the transactions of a new company called Pose-for-Pics.
August 1 M. Harris, the owner, invested $10,000 cash and $43,000 of photography equipment in the company in
exchange for common stock.
August 2 The company paid $3,400 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $1,900 cash.
August 20 The company received $3,800 cash from taking photos for customers.
August 31 The company paid $879 cash for August utilities.
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