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Following are the transactions of a new company called Pose - for - Pics. August 1 M . Harris, the owner, invested $ 7 ,
Following are the transactions of a new company called PoseforPics.
August M Harris, the owner, invested $ cash and $ of photography equipment in the company in exchange for common stock.
August The company paid $ cash for an insurance policy covering the next months.
August The company purchased supplies for $ cash.
August The company received $ cash from taking photos for customers.
August The company paid $ cash for August utilities.
Exercise Algo Preparing general journal entries LO A
Prepare general journal entries for the above transactions.
Journal entry worksheet
M Harris, the owner, invested $ cash and $ of photography equipment in the company in exchange for common stock.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditAugust
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