Homework Answers
Answer
--Journal entries
| Date | General Journal | Debit | Credit |
| 01-Aug | Cash | $12,500 | |
| Equipment | $53,750 | ||
| Madison Harris, Capital | $66,250 | ||
| 02-Aug | Prepaid Insurance | $2,100 | |
| Cash | $2,100 | ||
| 05-Aug | Office Supplies | $2,375 | |
| Cash | $2,375 | ||
| 20-Aug | Cash | $3,500 | |
| Fees earned | $3,500 | ||
| 31-Aug | Utilities expense | $870 | |
| Cash | $870 |
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1 Madison Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company....
Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the...
Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $880 cash. 20 The company received $3,331 cash in photography fees earned. 31 The company paid $675 cash for August utilities Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 3 4 Madison Harris, the owner,...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner,...
Following are the transactions of a new company called
Pose-for-Pics.
Aug.
1
Madison Harris, the owner, invested $8,250 cash and $35,475 of
photography equipment in the company in exchange for common
stock.
2
The company paid $3,200 cash for an insurance policy covering
the next 24 months.
5
The company purchased office supplies for $1,568 cash.
20
The company received $3,300 cash in photography fees earned.
31
The company paid $870 cash for August utilities.
Prepare general journal entries for...
Following are the transactions of a new company called Pose-for-Pics. Aug 1 Madison Harris, the owner,...
Following are the transactions of a new company called Pose-for-Pics. Aug 1 Madison Harris, the owner, invested $5,000 cash and $21,500 of photography equipment in the company in exchange for common stock. 2 The company paid $3,500 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $950 cash. 20 The company received $3,550 cash in photography fees earned. 31 The company paid $875 cash for August utilities. Prepare general journal entries for...
Aug. 1 Madison Harris, the owner, invested $8,000 cash and $34,400 of photography equipment in the...
Aug. 1 Madison Harris, the owner, invested $8,000 cash and $34,400 of photography equipment in the company in exchange for common stock. 2 The company paid $3,900 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,520 cash. 20 The company received $3,950 cash in photography fees earned. 31 The company paid $876 cash for August utilities.
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner,...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $13,500 cash and $58,050 of photography equipment in the company. 2 The company paid $2,500 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,565 cash. 20 The company received $2,300 cash in photography fees earned. 31 The company paid $867 cash for August utilities. Prepare general journal entries for the above transactions. View transaction...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner,...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $9,750 cash and $41,925 of photography equipment in the company in exchange for common stock. 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,853 cash. 20 The company received $2,150 cash in photography fees earned. 31 The company paid $878 cash for August utilities. Prepare general journal entries for...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner,...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,500 cash and $32,250 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $1,425 cash. 20 The company received $2,850 cash in photography fees earned. 31 The company paid $877 cash for August utilities. Prepare general journal entries for the above transactions. View transaction...
Following are the transactions of a new company called Pose-for-Pics. 1 Madison Harris, the owner, invested...
Following are the transactions of a new company called Pose-for-Pics. 1 Madison Harris, the owner, invested $12, 750 cash and $54, 825 of photography equipnent in the company. 2 The company paid $2, 200 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,423 cash. 20 The company received $3, 450 cash in photography fees earned. 31 The company paid $867 cash for August utilities. Aug. 2.5 boints Skipped Prepare general journal...
Aug. 1 Madison Harris, the owner, invested $7,100 cash and $34, 100 of photography equipment in...
Aug. 1 Madison Harris, the owner, invested $7,100 cash and $34, 100 of photography equipment in the company in exchange for common stock. 2 The company paid $2,700 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $940 cash. 20 The company received $3,931 cash in photography fees earned. 31 The company paid $735 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet...
Help Aug. 1 Madison Harris, the owner, invested $6,800 cash and $33,800 of photography equipment in...
Help Aug. 1 Madison Harris, the owner, invested $6,800 cash and $33,800 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 $910 cash. 20 The company received $3,631 cash in photography fees earned 31 The company paid $705 cash for August utilities. Required: 1. Post the transactions to the T-accounts. 2. Use the amounts from the...
Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $880 cash. 20 The company received $3,331 cash in photography fees earned. 31 The company paid $675 cash for August utilities Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 3 4 Madison Harris, the owner,...
Following are the transactions of a new company called
Pose-for-Pics.
Aug.
1
Madison Harris, the owner, invested $8,250 cash and $35,475 of
photography equipment in the company in exchange for common
stock.
2
The company paid $3,200 cash for an insurance policy covering
the next 24 months.
5
The company purchased office supplies for $1,568 cash.
20
The company received $3,300 cash in photography fees earned.
31
The company paid $870 cash for August utilities.
Prepare general journal entries for...
Following are the transactions of a new company called Pose-for-Pics. Aug 1 Madison Harris, the owner, invested $5,000 cash and $21,500 of photography equipment in the company in exchange for common stock. 2 The company paid $3,500 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $950 cash. 20 The company received $3,550 cash in photography fees earned. 31 The company paid $875 cash for August utilities. Prepare general journal entries for...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $13,500 cash and $58,050 of photography equipment in the company. 2 The company paid $2,500 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,565 cash. 20 The company received $2,300 cash in photography fees earned. 31 The company paid $867 cash for August utilities. Prepare general journal entries for the above transactions. View transaction...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $9,750 cash and $41,925 of photography equipment in the company in exchange for common stock. 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,853 cash. 20 The company received $2,150 cash in photography fees earned. 31 The company paid $878 cash for August utilities. Prepare general journal entries for...
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,500 cash and $32,250 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $1,425 cash. 20 The company received $2,850 cash in photography fees earned. 31 The company paid $877 cash for August utilities. Prepare general journal entries for the above transactions. View transaction...
Following are the transactions of a new company called Pose-for-Pics. 1 Madison Harris, the owner, invested $12, 750 cash and $54, 825 of photography equipnent in the company. 2 The company paid $2, 200 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $2,423 cash. 20 The company received $3, 450 cash in photography fees earned. 31 The company paid $867 cash for August utilities. Aug. 2.5 boints Skipped Prepare general journal...
Aug. 1 Madison Harris, the owner, invested $7,100 cash and $34, 100 of photography equipment in the company in exchange for common stock. 2 The company paid $2,700 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $940 cash. 20 The company received $3,931 cash in photography fees earned. 31 The company paid $735 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet...
Help Aug. 1 Madison Harris, the owner, invested $6,800 cash and $33,800 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 $910 cash. 20 The company received $3,631 cash in photography fees earned 31 The company paid $705 cash for August utilities. Required: 1. Post the transactions to the T-accounts. 2. Use the amounts from the...
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