Required Information The Following Information Applies To The Questions Displayed Below Following Are The Transaction 1 (38.87 KiB) Viewed 29 times
Required Information The Following Information Applies To The Questions Displayed Below Following Are The Transaction 2 (46.72 KiB) Viewed 29 times
Required Information The Following Information Applies To The Questions Displayed Below Following Are The Transaction 3 (51 KiB) Viewed 29 times
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 $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,700 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,660 cash. August 20 The company received $2,150 cash from taking photos for customers. August 31 The company paid $866 cash for August utilities. Required: 1. Post the transactions to the T-accounts. 2. Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the transactions to the T-accounts. Cash Supplies
Post the transactions to the T-accounts. Cash Balance 0 Prepaid Insurance Balance 0 Common Stock Balance Utilities Expense Balance Balance Balance Supplies Equipment Services Revenue 0
Cash Supplies Prepaid insurance Equipment Common stock Services revenue Utilities expense Totals POSE-FOR-PICS Trial Balance August 31 $ Debit 0 $ Credit 0
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