- Following Are The Transactions Of A New Company Called Pose For Pics Ang 1 Madison Harris The Owner Invested 6 500 C 1 (53.03 KiB) Viewed 12 times
Following are the transactions of a new
company called Pose-for-Pics Ang. 1 Madison Harris, the owner, invested $6,500 cash and 133,500 of photography equipment in the
company in exchange for common stock. 2 The
company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The
company purchased office supplies for $880 cash. 20 The
company received $3,331 cash in photography fees earned. 31 The
company paid $675 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. Balance Balance Balance Balance Cash Prepaid Insurance Common Stock 0 Utilities Expense 이 Balance Balance Balance Office Supplies 0 Photography Equipment Photography Fees Eamed 0