August 1 August 2 M. Harris, the owner, invested $13,250 cash and $56,975 of photography equipment in the company. The company paid $2,500 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,518 cash. August 20 The company received $3,800 cash from taking photos for customers. August 31 The company paid $881 cash for August utilities. Journal entry 1 Date August 01 Accounts payable Journal entry 2 Date General Journal Debit Credit August 02 journal entry 3 General Journal Debit Credit Date General Journal Debit Credit August 05 journal entry 4 Date General Journal Debit Credit August 20 urnal entry 5 Date General Journal Debit Credit August 31
August 1 August 2 M. Harris, the owner, invested $13,250 cash and $56,975 of photography equipment in the company. The company paid $2,500 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,518 cash. August 20 The company received $3,800 cash from taking photos for customers. August 31 The company paid $881 cash for August utilities. Journal entry 1 Date August 01 Accounts payable Journal entry 2 Date General Journal Debit Credit August 02 journal entry 3 General Journal Debit Credit Date General Journal Debit Credit August 05 journal entry 4 Date General Journal Debit Credit August 20 urnal entry 5 Date General Journal Debit Credit August 31
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
Question
Asv 1

Transcribed Image Text:August 1
August 2
M. Harris, the owner, invested $13,250 cash and $56,975 of photography equipment in the company.
The company paid $2,500 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $2,518 cash.
August 20 The company received $3,800 cash from taking photos for customers.
August 31 The company paid $881 cash for August utilities.
Journal entry 1
Date
August 01 Accounts payable
Journal entry 2
Date General Journal Debit Credit
August 02
journal entry 3
General Journal Debit Credit
Date General Journal Debit Credit
August 05
journal entry 4
Date General Journal Debit Credit
August 20
urnal entry 5
Date General Journal Debit Credit
August 31
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