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Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $13,250 cash and $56,975 of photography equipment in
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $13,250 cash and $56,975 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,518 cash. 20 The company received $2,650 cash in photography fees earned. 31 The company paid $882 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet Madison Harris, the owner, invested $13,250 cash and $56,975 of photography equipment in the company. Note: Enter debits before credits. Date General Journal Debit Credit Aug 01 Cash Photography equipment M. Harris, Capital 13,250 56,975 70,225 Record entry Clear entry View general journal Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $13,250 cash and $56,975 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,518 cash. 20 The company received $2,650 cash in photography fees earned. 31 The company paid $882 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet
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