Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the...
50.1K
Verified Solution
Link Copied!
Question
Accounting
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: Zin AI - Your personal assistant for all your inquiries!