14, ALETIL 1 to Question 14 lor 30) v 10.00 points Following are the transaction

Question

14, ALETIL 1 to Question 14 lor 30) v 10.00 points Following are the transactions of a new company called Pose for Pics Aug. Masson he invested ooo cash and s7300 photography equipment company in exchange for common stock 2 for insurance policy covering the need months company purchased omce supplies cash 20 The received s3600 cash in photography teeseamed. 31 The company paid $880 cash for August Prepare general joumal entries for the above tansactions Journal Entry Worksheet 2000 Madison Harris, the owner, invested $11,000 cash and S47,300 of photography equipment in the company "Enter debits before credits

Explanation / Answer

14)

Date Account titles Debit $ Credit $ 1/8/2015 Cash $ 11,000.00 Equipement $ 47,300.00 Paid in capital-Common stock $ 58,300.00 2/8/2015 Prepaid insurance $    2,100.00 Cash $    2,100.00 5/8/2015 Office equipement $    2,090.00 Cash $    2,090.00 20-8-15 Cash $    3,600.00 Photography fes $    3,600.00 31-8-15 Utility expense $        860.00 Cash $        860.00

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