Use the information in Exercise 4-2 to prepare an August 31 trial balance for Pose-for-Pics. Open these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; M. Harris, 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.

Exercise 4-2:

Prepare general journal entries for the following transactions of a new business called Pose-for-Pics.

Aug. 1 Madison Harris, the owner, invested \($6,500\) cash and \($33,500\) of photography equipment in the business.

2 Paid \($2,100\) cash for an insurance policy covering the next 24 months.

5 Purchased office supplies for \($880\) cash.
20 Received \($3,331\) cash in photography fees earned.
29 Paid \($675\) cash for August utilities.