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Aug. 1 Madison Harris, the owner, invested $6,800 cash and $33,800 of photography equipment in the company. 2 The company paid $2,400 cash for an
Aug. | 1 | Madison Harris, the owner, invested $6,800 cash and $33,800 of photography equipment in the company. | ||
2 | The company paid $2,400 cash for an insurance policy covering the next 24 months. | |||
5 | The company purchased office supplies for $910 cash. | |||
20 | The company received $3,631 cash in photography fees earned. | |||
31 | The company paid $705 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.
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