Business
Business, 05.03.2021 21:40, savanah111

Following are the transactions of a new company called Pose-for-Pics. Aug.
1 Madison Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company.
2 The company paid $2,500 cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $2,375 cash.
20 The company received $3,750 cash in photography fees earned.
31 The company paid $880 cash for August utilities.

Required:
Prepare general journal entries for the above transactions.

answer
Answers: 2

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

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