Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

[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,

[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 $9,000 cash and $38,700 of photography equipment in the company. August 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,710 cash. August 20 The company received $3,900 cash from taking photos for customers. August 31 The company paid $874 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 M. Harris, the owner, invested $9,000 cash and $38,700 of photography equipment in the company. Date August 01 Note: Enter debits before credits. General Journal Debit Credit
image text in transcribed
[The following information applies to the questions displayed below] Following are the transactions of a new company called Pose-for-Pics. August 1 . . Farris, the owner, invested $9,000 cash and $38,700 of photography equipenent in the coepany. Aleguet 2 The company paid $2,300 cakh for an inaurance policy covering the noxt 24 moothe. Asguat $ the cocpasy purehaned nupplien for $1,710 caah. Aeguat 20 The coepasy received $3,900 cash froe taking photon for cuntomers. Awout 31 the coopany paid 5874 cash for Augunt atilities. Prepare general joumal entries for the above transactions. Journal entry worksheet 2345 M. Harris, the owner, invested $9,000 cash and $38,700 of photography equipment in the company

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

Internal Auditing Assurance And Consulting Services

Authors: Kurt Reding, Paul Sobel, Michael Head, Sridhar Ramamoorti, Urton Anderson

2nd Edition

0894136437, 978-0894136436

More Books

Students also viewed these Accounting questions