Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. following are the transactions of a new company ca

Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the...

70.2K

Verified Solution

Question

Accounting

image
image
image
image
image
image
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $11,250 cash and $48,375 of photography equipment in the company. 2 The company paid $3,400 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $2.138 cash. 20 The company received $4,000 cash in photography fees earned. 31 The company paid $865 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet Madison Harris, the owner, invested $11,250 cash and $48,375 of photography equipment in the company. Note: Enter debits before credits General Journal Debit Credit Date Aug 01 Record entry Clear entry View general journal Journal entry worksheet The company paid $3,400 cash for an insurance policy covering the next 24 months. Note: Enter debits before credits General Journal Debit Date Aug 02 Record entry Clear entry View general journal Journal entry worksheet

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Geometry
1.2K views

The two rectangles are similar Find z 24 14

Finance
1.2K views

Jensen Company owns a building in a suburban industrial park. It purchased the building four years...

Physics
1.2K views

When someone falls from a tall building, the most effective way to save him is to...

Psychology
1.2K views

Explain and discuss why psychophysiologically based interventions are not in wide use.

Psychology
1.2K views

Write one page (typed, double-spaced) in reply to the following: Imagine a moral theory, \"John's Theory,\"...

Basic Math
1.2K views

Graph the circle given below by moving the key point:(x + 1) + (y+3) =...

Calculus
1.2K views

Solve for x by factoring where0?x?T.tanx - tan x = 00, [2] T7Enter the next...

Accounting
1.2K views

Classify the total costs of each of the following as variable, fixed, mixed, or step....

Accounting
1.2K views

Record the entry related to the September 30 deposit, if required. Record the entry related...

Accounting
1.2K views

94) Consider the bill of material for Product and the data given in the following...

Accounting
1.2K views

According to information given above; Prepare Statement of Financial Position for Pompei dated Dec.31.2019 ...

Accounting
1.2K views

QUESTION 5. (a) One key consideration banks assess before opening an account for a prospective...