q1:

Following are the transactions of a new company called Smiley Pictures. Aug. 1The company purchased office equipment for $10,000 paid $7,500 cash and agreed to pay the balance within 30 days. 2 The company billed one of its customers $3,000 for photography services 25 The company paid Prepare general journal entries for the aboye Journal entry worksheet 2 The company purchased office equipment for $10,000 paid $7,500 cash and agreed to pay the balance within 30 days