SoulEyes Photography
*SoulEyes Photography>>>Photography Equipment

Prepare general journal entries for the following transactions of a new business called Pose for Pics.?


Prepare general journal entries for the following transactions of a new business called Pose for Pics.
August 1 Hashim Paris, the owner, invested $7,500 cash and $32,500 of photography equipment in the business.
1; Paid $3,000 cash for an insurance policy covering the next 24 months.
5; Purchased office supplies for $1,400 cash.
20; Received $2,650 cash in photography fees earned.
31; Paid $875 for August utilities.

1. dr. cash 7500, dr. equipment 32500, cr 40000 equity
2. dr. prepaid insurance 3,000, cr. cash 3,000
3. dr. office expense 1400, cr. cash 1,400
4. dr. cash 2650, cr. sales 2650
5. dr. utility expense 875, cr. cash 875

dr=debit, cr=credit
Tags
Photography Tips Photography Studio Photography School Photography Magazine Photography Jobs Photography Equipment Photography Courses Photo Gallery Photo Essays Art Gallery
Related information
  • Accounting Help!!!!!?
  • Can anyone suggest good website for photographer? I had a lot of fun with photography.?
  • What is a good way to learn about cameras and camera equipment?
  • Tax deductions for new part time home based business. Purchased Equipment last year. How do I calculate?
  • What's the average income of wildlife photographers in the midwest? equipment needed for beginner?
  • Panormaic photography?
  • Lighting for photography - What are the difference between this three?
  • What is typical compensation if the airlines loses your bag?
    • 　

    Photography Categories--Copyright/IP Policy--Contact Webmaster