Question
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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