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O Required information (The following information applies to the questions displayed below) Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison
O Required information (The following information applies to the questions displayed below) Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $10,500 cash and $45,150 of photography equipment in the company in exchange for common stock. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased supplies for $1,995 cash. 20 The company received $2,850 cash from taking photos for customers. 31 The company paid $872 cash for August utilities. Open a ledger account for Cash in balance column format. Post general Journal entries that impact cash from above transactions to the ledger account for cash. 101: Cash Debit Credit 10,500 Balance (10,500) Date Aug 1 Aug 2 Aug 5 Aug 20 Aug 31 2,850 (13,350)
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