August 1 Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in...
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August 1 Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,660 cash. August 20 The company received $2,750 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities. August 1 Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,660cash. August 20 The company received $2,750 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities. Exercise 2-9 (Algo) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. Journal entry worksheet Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits
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August 1 Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,660 cash. August 20 The company received $2,750 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities. August 1 Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,660cash. August 20 The company received $2,750 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities. Exercise 2-9 (Algo) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. Journal entry worksheet Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits
