- Required Information The Following Information Applies To The Questions Displayed Below Following Are The Transaction 1 (43.33 KiB) Viewed 14 times
Required information [The following information applies to the questions displayed below.] Following are the transactions of a new
company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $6,250 cash and $26,875 of photography equipment in the
company in exchange for common stock. 2 The
company paid $3,000 cash for an insurance policy covering the next 24 months. 5 The
company purchased supplies for $1,188 cash.. 20 The
company received $3,950 cash from taking photos for customers. 31 The
company paid $866 cash for August utilities. Prepare general journal entries for the above transactions. View transaction fist Journal entry worksheet 1 2 3 4 5 Madison Harris, the owner, invested $6,250 cash and $26,875 of photography equipment in the
company in exchange for common stock. Note: Enter debits before credits. General Journal Debit Credit Date Aug 01 Clear entry View general journal Record entry