Required information [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 $13,750 cash and $59, 125 of photography equipment in the company. August 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,613 cash. August 20 The company received $3,700 cash from taking photos for customers. August 31 The company paid $882 cash for August utilities. Prepare general journal entries for the above transactions.

Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section: Chapter Questions
Problem 6AP
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Date
General Journal
Debit
Credit
August 01
Record entry
Clear entry
View genera
Transcribed Image Text:Date General Journal Debit Credit August 01 Record entry Clear entry View genera
Required information
[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 $13,750 cash and
$59,125 of photography equipment in the
company.
August 2 The company paid $2,200 cash for an insurance
policy covering the next 24 months.
August 5 The company purchased supplies for $2,613 cash.
August 20 The company received $3,700 cash from taking
photos for customers.
August 31 The company paid $882 cash for August
utilities.
Prepare general journal entries for the above transactions.
View transaction list
Journal entry worksheet
1
2
3
4
M. Harris, the owner, invested $13,750 cash and $59,125 of photography
equipment in the company.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
August 01
Record entry
Clear entry
View genera
Transcribed Image Text:Required information [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 $13,750 cash and $59,125 of photography equipment in the company. August 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,613 cash. August 20 The company received $3,700 cash from taking photos for customers. August 31 The company paid $882 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 M. Harris, the owner, invested $13,750 cash and $59,125 of photography equipment in the company. Note: Enter debits before credits. Date General Journal Debit Credit August 01 Record entry Clear entry View genera
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