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

Name: Asv 1 August 1August 2M. Harris, the owner, invested $13,250 cash and
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Description: Asv 1 August 1August 2M. 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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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