Journal entry worksheet Madison Harris the owner invested 65

Journal entry worksheet Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company Note: Enter debits before credits. Date Aug 01

Solution

No Date General journal Debit Credit 1 Aug.1 Cash 6500 Photography equipment 33500 Madison harish capital 40000 2 Aug.2 Prepaid insurance 2100 Cash 2100 3 Aug.5 Office supplies 880 Cash 880 4 Aug.20 Cash 3331 Photography fees 3331 5 Aug.31 Utilities expense 675 cash 675