Question: Can you please let me know what I'm missing or is incomplete. Required information [The following Information applies to the questions displayed below) Following are

Required information [The following Information applies to the questions displayed below) Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invented $6,500 conh and $33,500 of photography equipment in the company. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $880 cash. August 20 The company received $3,331 cash from taking photos for customers. August 21 The company paid $675 cash for August utilitien. Prenare nental nurnal entries for the shown traneurtinne Answer is not complete. No Date General Journal Debit Credit 1 August 01 Cash Equipment 6,500 33,500 40,000 N > August 02 2,100 Prepaid insurance Cash 2,100 3 August 05 880 Supplies Cash 880 0 4 August 20 Cash 3,331 3,331 5 August 31 675 Utilities expense Cash DO 675
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
