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1. Post the transactions to the T-accounts. Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics.
Following are the transactions of a new company called Pose-for-Pics. |
Aug. 1 | Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company. |
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. |
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