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 $14,500 cash and $62,350 of photography equipment in the company. August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,755 cash. August 20 The company received $2,950 cash from taking photos for customers. August 31 The company paid $885 cash for August utilities.

Accounting Information Systems
11th Edition
ISBN:9781337552127
Author:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Chapter2: Enterprise System
Section: Chapter Questions
Problem 2DQ: The Tigris Company is considering taking customers orders on its Web site. a. What information would...
icon
Related questions
Question
Conne X
+
meducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fmybsc.bryantstratton.edu%252Fwe
- Connect Assignment 1 i
Saved
F
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 $14,500 cash and $62,350 of photography equipment in the company.
August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $2,755 cash.
August 20 The company received $2,950 cash from taking photos for customers.
August 31 The company paid $885 cash for August utilities.
Open a ledger account for Cash in balance column format. Post general journal entries that impact cash from above transaction
ledger account for cash.
ces
101: Cash
Date
Debit
Credit
Balance
of 10
www
www
Next >
(
Rain off and on
re to search
ins
O
4
R
15
%
5
T
40
6
O
Y
17
< Prev
&
+
S
2 3 4
7
8
U
hp
fo
9
fo
)
O
fy
ADI
P
112
Je
[
prt sc
Transcribed Image Text:Conne X + meducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fmybsc.bryantstratton.edu%252Fwe - Connect Assignment 1 i Saved F 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 $14,500 cash and $62,350 of photography equipment in the company. August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,755 cash. August 20 The company received $2,950 cash from taking photos for customers. August 31 The company paid $885 cash for August utilities. Open a ledger account for Cash in balance column format. Post general journal entries that impact cash from above transaction ledger account for cash. ces 101: Cash Date Debit Credit Balance of 10 www www Next > ( Rain off and on re to search ins O 4 R 15 % 5 T 40 6 O Y 17 < Prev & + S 2 3 4 7 8 U hp fo 9 fo ) O fy ADI P 112 Je [ prt sc
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Basic Accounting Terms
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Accounting Information Systems
Accounting Information Systems
Finance
ISBN:
9781337552127
Author:
Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher:
Cengage Learning
Quickbooks Online Accounting
Quickbooks Online Accounting
Accounting
ISBN:
9780357391693
Author:
Owen
Publisher:
Cengage