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[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
[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 $9,500 cash and $40,850 of photography equipment in the company in exchange for common stock.
August 2
The company paid $3,300 cash for an insurance policy covering the next 24 months.
August 5
The company purchased supplies for $1,805 cash.
August 20
The company received $3,500 cash from taking photos for customers.
August 31
The company paid $870 cash for August utilities.
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