Required information Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [The following information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $6,500 cash and $27,950 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,235 cash. August 20 The company received $2,300 cash from taking photos for customers. August 31 The company paid $866 cash for August utilities. Exercise 2-9 (Algo) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 M. Harris, the owner, invested $6,500 cash and $27,950 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date August 01 Record entry General Journal Clear entry Debit Credit View general journal
Required information Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [The following information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $6,500 cash and $27,950 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,235 cash. August 20 The company received $2,300 cash from taking photos for customers. August 31 The company paid $866 cash for August utilities. Exercise 2-9 (Algo) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 4 5 M. Harris, the owner, invested $6,500 cash and $27,950 of photography equipment in the company in exchange for common stock. Note: Enter debits before credits. Date August 01 Record entry General Journal Clear entry Debit Credit View general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Munabhai
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Required information
Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo)
[The following information applies to the questions displayed below.]
Following are the transactions of a new company called Pose-for-Pics.
August 1 M. Harris, the owner, invested $6,500 cash and $27,950 of photography equipment in the company in exchange
for common stock.
August 2 The company paid $2,200 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $1,235 cash.
August 20 The company received $2,300 cash from taking photos for customers.
August 31 The company paid $866 cash for August utilities.
Exercise 2-9 (Algo) Preparing general journal entries LO A1
Prepare general journal entries for the above transactions.
View transaction list
Journal entry worksheet
1 2 3 4 5
M. Harris, the owner, invested $6,500 cash and $27,950 of photography
equipment in the company in exchange for common stock.
Note: Enter debits before credits.
Date
August 01
Record entry
General Journal
Clear entry
Debit
Credit
View general journal](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4b93d892-e081-4cc9-866f-cef0064b5ec5%2F57840e28-5642-4052-8785-5936f61bcac0%2Fksqd6zr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo)
[The following information applies to the questions displayed below.]
Following are the transactions of a new company called Pose-for-Pics.
August 1 M. Harris, the owner, invested $6,500 cash and $27,950 of photography equipment in the company in exchange
for common stock.
August 2 The company paid $2,200 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $1,235 cash.
August 20 The company received $2,300 cash from taking photos for customers.
August 31 The company paid $866 cash for August utilities.
Exercise 2-9 (Algo) Preparing general journal entries LO A1
Prepare general journal entries for the above transactions.
View transaction list
Journal entry worksheet
1 2 3 4 5
M. Harris, the owner, invested $6,500 cash and $27,950 of photography
equipment in the company in exchange for common stock.
Note: Enter debits before credits.
Date
August 01
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
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