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Required Information [The following Information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. August 1 M.
Required Information [The following Information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $6,250 cash and $26,875 of photography equipment in the company. August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,188 cash." August 20 The company received $2,450 cash from taking photos for customers. August 31 The company paid $870 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 Date Debit Credit Balance
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