Question
For Pose for Pics, prepare journal entries, T-accounts and a trial balance
Pose for Pics
Preparing journal entries and trial balances
Exercise 2-4
Prepare general journal entries for the following transaction of a new business called Pose for Pics. (please use Excel)
Aug. 1 -Hashim Paris, the owner, invested $7500 cash and $32500 of photography equipment in the business.
Aug. 1 -paid $3000 cash for an insurance policy covering the next 24 months.
aug 5- purchased office supplies for $1400 cash
aug 20- received $2650 cash in photography fees earned.
aug 31- paid $875 cash for August utilities.
Use the information in Exercise 2-4 to prepare an August 31 trial balance for Pose-for-Pics. Open these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; H. Paris, Capital; Photography Fees Earned; and Utilities Expense. Post the general journal entries to these T-accounts (which will serve as the ledger), and prepare a trial balance.
Pose for Pics
Preparing journal entries and trial balances
Exercise 2-4
Prepare general journal entries for the following transaction of a new business called Pose for Pics. (please use Excel)
Aug. 1 -Hashim Paris, the owner, invested $7500 cash and $32500 of photography equipment in the business.
Aug. 1 -paid $3000 cash for an insurance policy covering the next 24 months.
aug 5- purchased office supplies for $1400 cash
aug 20- received $2650 cash in photography fees earned.
aug 31- paid $875 cash for August utilities.
Use the information in Exercise 2-4 to prepare an August 31 trial balance for Pose-for-Pics. Open these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; H. Paris, Capital; Photography Fees Earned; and Utilities Expense. Post the general journal entries to these T-accounts (which will serve as the ledger), and prepare a trial balance.
Answers
Writeacher
If you'll post YOUR IDEAS on all this, someone here will be able to comment.
I want to know if you ranswer is right
Related Questions
Prepare an August 31 trial balance for Pose-for Pics.
I need help wit Acc/225 week 2 and the exercise is 2-5 I have to do a T-account and Trial balance fo...
Use the information in Exercise 2-4 to prepare an August 31 trial balance for Pose-for-Pics. Open
t...
Which statement describes the contrapposto pose as seen in this sculpture?
Responses
The pose...