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Please answer 1 through 5 neatly and correctly Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called
Please answer 1 through 5 neatly and correctly
Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $5,750 cash and $24,725 of photography equipment in the company. 2 The company paid $3,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,093 cash. 20 The company received $3,900 cash in photography fees earned. 31 The company paid $873 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet Madison Harris, the owner, invested $5,750 cash and $24,725 of photography equipment in the company. Note: Enter debits before credits. General Journal Debit Credit Date Aug 01 Record entry Clear entry View general journal Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-Pics. Aug 1 Madison Harris, the owner, invested $5,750 cash and $24,725 of photography equipment in the company. 2 The company paid $3,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,093 cash. 20 The company received $3,900 cash in photography fees earned. 31 The company paid $873 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet The company paid $3,900 cash for an insurance policy covering the next 24 months. Note: Enter debits before credits. Date General Journal Debit Credit Aug 02 Record entry Clear entry View general journal Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-Pics. Aug 1 Madison Harris, the owner, invested $5,750 cash and $24,725 of photography equipment in the company. 2 The company paid $3,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,093 cash. 20 The company received $3,900 cash in photography fees earned. 31 The company paid $873 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet The company received $3,900 cash in photography fees earned. Note: Enter debits before credits. Date General Journal Debit Credit Aug 20 Record entry Clear entry View general journal Exercise 2-7 Preparing general journal entries LO P1. Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $5,750 cash and $24,725 of photography equipment in the company. 2 The company paid $3,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,093 cash. 20 The company received $3,900 cash in photography fees earned. 31 The company paid $873 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheetStep by Step Solution
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