Home / Questions / 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 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
Apr 11 2020 View more View Less
Respond to the following statement. What is the author trying to say? What are they arguing?"Managers and researchers alike are tempted to become codifiers of the past ra...
Aug 27 20201. Would offering telecommuting as an option benefit Med Ex? How? 2. Are there any disadvantages or challenges in offering telecommuting? 3. What do you recommend Med Ex ...
May 21 2020A merger between two firms occurs whena.two firms agree to work temporarily on a single project, which is why we constantly read about mergers occurring and splitting ...
Dec 11 2019Who invented differential calculus?
Jun 20 2021Maslow placed ________ at the base of his hierarchy of needs.A)cognitive needsB)social needsC)bodily needsD)spiritual needs
May 05 2021If the input in BTUs per hour if the heating capacity of the gas is 950 BTUs per cubic foot?
Jun 11 2021a. Violet light has a higher frequency and shorter wavelength than red light.b. Violet light has a lower frequency and shorter wavelength than red light.c. Violet light h...
May 28 2021Reposition the riser in Problem 1 so that it sits directly on top of the flat rectangle, with its bottom circular surface being part of the surface of the casting, and re...
May 19 2020Cats Eye, a Bangadeshi clothing Brand decided to sell their cloths in India's market focusing on the middle class consumer. So, what type of PRICING adaptation Cats Eye s...
Apr 13 2021Berlin Inc. expects sales of $300,000 during each of the next three months. It will make monthly purchases of $180,000 during this time. Wages and salaries total $30,000 ...
Apr 02 2020