Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the...
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Accounting
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,660 cash. 20 The company received $2,300 cash in photography fees earned. 31 The company paid $874 cash for August utilities. Prepare general journal entries for the above transactions.
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