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Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $8,500 cash and $36,550 of photography equipment in

Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $8,500 cash and $36,550 of photography equipment in the company in exchange for common stock. 2 The company paid $3,800 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,615 cash. 20 The company received $3,950 cash in photography fees earned. 31 The company paid $875 cash for August utilities. Prepare general journal entries for the above transactions.

2. Prepare general journal entries for the above transactions.

No Date General Journal Debit Credit
1 Aug 01 No Transaction Recorded
2 Aug 02 No Transaction Recorded
3 Aug 05 No Transaction Recorded
4 Aug 20 No Transaction Recorded
5 Aug 31 No Transaction Recorded

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