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Following are the transactions of a new company called Pose for Pics (a sole proprietorship). Aug. 1 Kasey Madison, the owner, invested $8,500 cash
Following are the transactions of a new company called Pose for Pics (a sole proprietorship). Aug. 1 Kasey Madison, the owner, invested $8,500 cash and $36,550 of photography equipment in the company. 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,615 cash. 20 The company received $2,600 cash in photography fees earned. 31 The company paid $873 cash for August utilities. Prepare general journal entries for the above transactions, assuming the company has monthly accounting periods. (Omit the "$" sign in your response.) Debit Credit Date Aug. 1 General Journal (Click to select) (Click to select) (Click to select) 2 (Click to select) 5 20 20 31 (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) | | | | | | | | | |
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