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what are the debits before credits? Following are the transactions of a new company called Pose-for-Pics. Aug 1 Madison Harris, the owner, invested $6,500 cash

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Following are the transactions of a new company called Pose-for-Pics. Aug 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for com stock 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $880 cash 20 The company received $3,331 cash in photography fees earned 31 The company paid $675 cash for August utilities. Prepare general journal entries for the above transactions View transaction list Journal entry worksheet 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock Note: Enter debits before credits Date Credit Aug 01 General Journal Cash Photography equipment Debit 6,500 33,500 40.000 Record entry Clear entry View general journal

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