lanetterisbelle
6 minutes ago
Mathematics
College
Use the following information for Excercise 2-9 through Excercise 2-12 below. (Staic)
Following are the transactions of a new company called Pose-for-pics.
August 1 M. Harris, the owner, invested $6,500 cash and 33,500 of photography equipment in the company.
August 2 The company paid 2,100 cash for an insurance policy covering the next 24 months.
Aust 5 The company purchased supplies for 800 cash.
August 20 The company received 3,331 cash from taking photos for customers.
August 20 The company received 3,331 cash from taking photos for cusotmers.
August 31 The company paid $ 675 cash for August utilities.
Excercise 2-11 ( Static) Analyzing transacctions using accounting equation LO A1
Analyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts ( including + or -) Use the following partial chart of accounts: Cash; Supplies; Prepaid Insurance; Equipment; M. Harris, Capital; Services Revenue; and Utilities Expense




Date Assets = Liabilities + Equity
August 1 = +
August 1 = +
August 2 = +
August 2 = +
August 5 = +
August 5 = +
August 20 = +
August 31 Cash (+) increase 6,500 = +