Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following are the transactions of a new company called Pose-for-Pics. Aug. Madison Harris, the owner, invested $7,600 cash and $34,600 of photography equipment in the

Following are the transactions of a new company called Pose-for-Pics.

Aug.

  1. Madison Harris, the owner, invested $7,600 cash and $34,600 of photography equipment in the company in exchange for common stock.
  2. The company paid $3,200 cash for an insurance policy covering the next 24 months.

5 The company purchased office supplies for $990 cash.

20 The company received $4,431 cash in photography fees earned.

31 The company paid $785 cash for August utilities.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information [The following information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. Aug. I Madison Harris, the owner, Invested $7,600 cash and $34,600 of photography equipmont in the carpany in exchange for common stock. 2 The company paid $3,200 eash for an inuarance policy covering the next 24 months. 5 The company purchased office supplies for $990 cash. 20 the corpany received $4,431 cash in photography fees earned. 31 The company paid $785 eash for August utilities. Prepare general journal entries for the above transactions. Journal entry worksheet 45 Madison Harris, the owner, invested $7,600 cash and $34,600 of photography equipment in the company in exchange for common stock. Note: Enter oebits before credits Required information [The following information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the orner, invested $7,600 cash and $34,600 of photography equipment in the conpany in exchange for cormon stoek. 2 The company paid $3,200 cash for an insurance policy covering the next 24 months. 5 the company purchased office supplises for $990 eash. 20 The company received $4,431 cash in photography fees earned. 31 the company paid $785 cash for August utilities. Prepare general journal entries for the above transactions. Journal entry worksheet The company paid $3,200 cash for an insurance policy covering the next 24 months: Notel luter debits before credts. Required information [The following information applies to the questions displayed below] Following are the transactions of a new company called Pose-for-Pics. Aug. I Madison Harris, the owner, invested $7,600 cash and $34,600 of photography equipment in the company in exchange for comonon stock. 2. The company paid $3,200 cash for an insurance policy covering the next 24 months. 5 The corpany purchased office supplies for $990 cash. 20 the company received $4,431 cash in photography fees earned. 31 The corpany paid $785 cash for August utilities. Prepare general journal entries for the above transactions. Journal entry worksheet 5 The company purchased office supplies for $990 cash. Note: Encer debits before credits, Required information [The following information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. Aug. I Madibon Harris, the omer, 1nvested $7,600 cash and $34,600 of photography equipnent in the campany in exehange for cormon atoek. 2 the company paid $3,200 caah for an insurance policy covering the next 24 months. 5 The company parchased oftice supplies for $990 cash. 20 The corpany received $4,431 cach in photography fees earned. 31 the company paid $785 cash for August utilities. Prepare general journal entries for the above transactions. Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Accounting

Authors: Radebaugh

4th Edition

0471136646, 9780471136644

More Books

Students also viewed these Accounting questions

Question

Which site are you most likely to use on a regular basis? Why?

Answered: 1 week ago

Question

Do you think physicians should have unions? Why or why not?

Answered: 1 week ago