August 1 Madison Harris, the owner, invested $14,000 cash and $60,200 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 $2,660 cash. August 20 The company received $2,750 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities. August 1 Madison Harris, the owner, invested $14,000 cash and $60,200 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 $2,660cash. August 20 The company received $2,750 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities. Exercise 2-9 (Algo) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. Journal entry worksheet Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits
Other questions asked by students
3. Calculate the density of NO at STP and at 20.0 ï‚°C and 720 torr. 4. The...
Discuss Symbolic Interactionism in relation to the culture of poverty.
Pick a specific leader facing an issue in the last six months that you can analyze...
Should terrorists be treated like criminals or enemy combatants? Why?
A machine with an estimated useful life of 8 years and an initial value of...
Calculate employer's total FUTA and SUTA tax. As TCLH Industries operates...
Which ratios should be used to help answer each of these questions? (a) How efficient...
FACTS Rianna.com uses the allowance method of accounting for bad debts. The company...
Q1 A forward contract was negotiated some time ago and a delivery price of 50...