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Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in
Following are the transactions of a new company called Pose-for-Pics.
Aug. | 1 | Madison Harris, the owner, invested $6,500 cash and $33,500 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 $880 cash. | |
20 | The company received $3,331 cash in photography fees earned. | |
31 | The company paid $675 cash for August utilities. |
Post the transactions to the T-accounts.
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