Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner,...

 

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Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,375 cash. August 20 The company received $3,800 cash from taking photos for customers. August 31 The company paid $873 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 The company purchased supplies for $2,375 cash. Note: Enter debits before credits. Date August 05 General Journal Debit Credit Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,375 cash. August 20 The company received $3,800 cash from taking photos for customers. August 31 The company paid $873 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 The company purchased supplies for $2,375 cash. Note: Enter debits before credits. Date August 05 General Journal Debit Credit