I have a list of dates and purchases/credits and need to create a general accounting journal, I don’t even know where to start!
Prepare general journal entries for the following transactions of a new business called Pose for Pics.
Aug. 1 Hashim Paris, the owner, invested $7,500 cash and $32,500 of photography equipment in
the business.
Aug 1 Paid $3,000 cash for an insurance policy covering the next 24 months.
Aug 5 Purchased office supplies for $1,400 cash.
Aug 20 Received $2,650 cash in photography fees earned.
Aug 31 Paid $875 cash for August utilities.
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Does Anyone Know How To Prepare General Journal Entries For Accounting Purposes?
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