Question: Please answer all parts and please show the answer clearly. Aug. 1 Madison Harris, the owner, invested $8,750 cash and $37,625 of photography equipment in

Please answer all parts and please show the answer clearly.

Please answer all parts and please show the answer clearly. Aug. 1

Madison Harris, the owner, invested $8,750 cash and $37,625 of photography equipment

in the company in exchange for common stock. 2 The company paid

$2,200 cash for an insurance policy covering the next 24 months. 5The company purchased office supplies for $1,663 cash. 20 The company received

Aug. 1 Madison Harris, the owner, invested $8,750 cash and $37,625 of photography equipment in the company in exchange for common stock. 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,663 cash. 20 The company received $2,050 cash in photography fees earned. 31 The company paid $884 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 Madison Harris, the owner, invested $8,750 cash and $37,625 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date General Journal Debit Credit Aug 01 Aug. 1 Madison Harris, the owner, invested $8,750 cash and $37,625 of photography equipment in the company in exchange for common stock. 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $1,663 cash. 20 The company received $2,050 cash in photography fees earned. 31 The company paid $884 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!