70.2K
Verified Solution
Link Copied!
Required information
Use the following information for Exercises 9-12 below. (Algo)
Skip to question
[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 $8,500 cash and $36,550 of photography equipment in the company in exchange for common stock. |
| | | 2 | | The company paid $2,800 cash for an insurance policy covering the next 24 months. |
| | | 5 | | The company purchased supplies for $1,615 cash. |
| | | 20 | | The company received $2,400 cash from taking photos for customers. |
| | | 31 | | The company paid $868 cash for August utilities. |
Exercise 2-9 (Algo) Preparing general journal entries LO A1
Prepare general journal entries for the above transactions.
Prev
Question3of7Total3 of 7
Visit question mapNext
Answer & Explanation
Solved by verified expert
