Dr Nick

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About Dr Nick

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Teaching Since: May 2017
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  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

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  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Accounting Posted 13 Sep 2017 My Price 10.00

the company in exchange for common stock.

Following are transactions of a new company called Pose-for-Pics.

Aug. 1  

Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock.

2  The company paid $2,100 cash for an insurance policy covering the next 24 months.5  The company purchased office supplies for $880 cash.20  The company received $3,331 cash in photography fees earned.31  The company paid $675 cash for August utilities.

Prepare general journal entries for the above transactions.

Answers

Dr Nick
(4)
Status NEW Posted 13 Sep 2017 03:09 PM My Price 10.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------you----------- fo-----------r v-----------isi-----------tin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------pos-----------ted----------- so-----------lut-----------ion----------- pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l

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