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Following are the transactions of a new company called Smiley Pictures. Aug. 1Fahmy Amin, the owner, invested $66,500 cash and $33,500 of photography equipment in

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Following are the transactions of a new company called Smiley Pictures. Aug. 1Fahmy Amin, the owner, invested $66,500 cash and $33,500 of photography equipment in the company. 2. The company purchased photography equipment on credit for $25,000 10. Fahmy Amin, the owner, has withdrawn $2,000 cash from the company account to pay the school fees of his son. Prepare general journal entries for the above transactions. Journal entry worksheet Fahmy Amin, the owner, invested $66,500 cash and $33,500 of photography equipment in the company. Note: Enter debits before credits. Required information [The following information applies to the questions displayed below.] Abd El Hakim operates a consulting firm called Al Tayer Today, which began operations on August 1. On August 31, the company's records show the following accounts and amounts for the month of August

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