Open a ledger account for Cash in balance column format. Post general journal entries that impact cash from Exercise 2-9 to the ledger account for Cash, and enter the balance after each posting. Data From Exercise 2-9 Prepare general journal entries for the following transactions of a new company called Pose-for-Pics. Use the following partial chart of accounts: Cash; Supplies;
Open a ledger account for Cash in balance column format. Post general journal entries that impact cash from Exercise 2-9 to the ledger account for Cash, and enter the balance after each posting.
Data From Exercise 2-9
Prepare general journal entries for the following transactions of a new company called Pose-for-Pics. Use the following partial chart of accounts: Cash; Supplies; Prepaid Insurance; Equipment; M. Harris, Capital; Services Revenue; and Utilities Expense.
Aug. 1. M. 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 supplies for $880 cash.
20. The company received $3,331 cash from taking photos for customers.
31. The company paid $675 cash for August utilities.
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Answer
