Question
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in
Following are the transactions of a new company called Pose-for-Pics.
Aug. 1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in the company in exchange for common stock
2 The company paid $3,200cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $1,758 cash.
20 The company received $3,050cash in photography fees earned
31 The company paid $875 cash for August utilities
Prepare general journal entries for the Above transactions.
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