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5 part question Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions

5 part question
Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-PIcs. 1 Aug. 1 Madison Harris, the owner, invested $6,750 cash and $29,025 of pha stock. 2 The company paid $4,eee cash for aninsura Exercise 2-7 Preparing general journal entries LO P1 Following are the transactions of a new company called Pose-for-PIcs. 1 Madison Harris, the owner, invested $6,75e cash and $29,e25 of photography equipment in the company in exchange for common stock. 2 The company paid $4,eee cash for an insurance policy covering the next 24 months. s The company purchased office supplies for $1,283 cash. 20 The company received $3,see cash in photography fees earned. 31 The company paid $870 cash for August utilities. Aug. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 Madison Harris, the owner, invested $6,750 cash and $29,025 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date Credit General Journal Debit Aug 01 Aug. 1 Madison Harris, the owner, invested $6,750 cash and $29,025 of pha stock. 2 The company paid $4,eee cash for an'insurance policy covering the S The company purchased office supplies for $1,283 cash. 2e The company received $3,5e0 cash in photography fees earned. 31 The company paid $870 cash for August utilities. Prepare general journal entries for the above transactions. View transacjion list Import a new list Madison Harris, the owner, invested $6,750 cash and $29,025 of photography equipment in the company in exchange for common stock 1 -ograph 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. 3 The company purchased office supplies for $1,283 cash. Credit The company received $3,500 cash in photography fees earned. 5 The company paid $870 cash for August utilities. Note: journal entry has been entered Record entry View genera Clear entry

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