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Following are the transactions of a new company called Pose-for-Pics. Aug 1 Madison Harris, the owner, invested $5,000 cash aAug. 1 Madison Harris, the owner, invested $5,000 cash and $21,500 of photography equipment in the company in exchange for coing die le ISCL Old прапту Se-lor-PICS Aug. 1 Madison Harris, the owner, invested $5,000 cash and $21,500 of photography equiAug. 1 Madison Harris, the owner, invested $5,000 cash and $21,500 of photography equipment in the company in exchange for coFollowing are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $5,000 cash

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Journal entries

Date General Journal Debit Credit
Aug 1 Cash 5000
Equipment 21500
Common Stock 26500
Aug 2 Prepaid insurance 3500
Cash 3500
Aug 5 Office supplies 950
Cash 950
Aug 20 Cash 3550
Fees earned 3550
Aug 31 Utilities expense 875
Cash 875
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