PR 1-1A Transactions On April 1 of the current y completed the following t: a. Opened a business bank ac b. Purchased office supplies o C. Received cash from fees eam d. Paid rent on office and equi e. Paid creditors on account, S f. Billed customers for fees ea g. Paid automobile expenses h. Paid office salaries, $4,000. i. Determined that the cost ot j. Paid dividends, $5,000.

S Required information [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 $7,500 cash and $32,250 of photography equipment in the company. August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,425 cash. August 20 The company received $3,050 cash from taking photos for customers. August 31 The company paid $868 cash for August utilities. Prepare general journal entries for the above transactions. View transaction list Journal entry worksheet 1 2 3 Date Note: Enter debits before credits. 4 M. Harris, the owner, invested $7,500 cash and $32,250 of photography equipment in the company. 5 General Journal Prey Debit 2 3 S Credit 4 5 of 11 7 Next >

Question 2 Sold $1,500 on account to Mrs. Hinshaw. What two accounts are impacted: Cash and Owners Equity Accounts Receivable and Owners Equity O Accounts Receivable and Cash Pre-paid and Accounts Payable

Journal entry worksheet >