Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help thank you! Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $14,800 cash and $60,200

image text in transcribed
image text in transcribed
need help thank you!
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $14,800 cash and $60,200 of photography equipment in the company. 2 The company paid $2,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,660 cash. 20 The company received $2,200 cash in photography fees earned. 31 The company paid $877 cash for August utilities. Prepare general journal entries for the above transactions View transaction list Journal entry worksheet 2 3 4 1 5 Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company Note: Enter debits before credits General Journal Debit Credit Date Aug 01 Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 200 of photography Madison Ha equipment Accounts payable Accounts receivable Note: Enter det Advertising expense Automobiles Date Debit Credit Aug 01 + Record entry Clear entry View general journal

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

Night Comes To The Cumberlands A Biography Of A Depressed Area

Authors: Harry M. Caudill

1st Edition

1334682070, 978-1334682070

More Books

Students also viewed these Accounting questions