Following are the transactions of a new company called Smiley Pictures. Aug. 1 Fahmy Amin, the...
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Following are the transactions of a new company called Smiley Pictures. Aug. 1 Fahmy Amin, the owner, invested $35,000 cash in the company. 2 The company provided photography services for one of its customers for 22,500, received 10,000 cash and the remaining amount will be received within 7 days. 9 The company borrowed $15,000 cash from the bank by signing a promissory note to be paid after 9 months. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet < 1 Description 2 Date Note: Enter debits before credits. 3 Record entry 4 General Journal Clear entry Debit Credit View general journal > Following are the transactions of a new company called Smiley Pictures. Aug. 1 Fahmy Amin, the owner, invested $35,000 cash in the company. 2 The company provided photography services for one of its customers for 22,500, received 10,000 cash and the remaining amount will be received within 7 days. 9 The company borrowed $15,000 cash from the bank by signing a promissory note to be paid after 9 months. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet < 1 Description 2 Date Note: Enter debits before credits. 3 Record entry 4 General Journal Clear entry Debit Credit View general journal >
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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