Aug. 1 Madison Harris, the owner, invested $7,500 cash and $34,500 of photography equipment in the company in exchange for common stock. 2 The company paid $3,100 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $980 cash. 20 The company received $4,331 cash in photography fees earned. 31 The company paid $775 cash for August utilities.

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.

*** I wrote on the first section how the layout of the problem should be the numbers and dates are not correct. ***

Cash 231 Aug. 5 232 Aug. 2 Office Supplies 231 Aug. 2 323 Aug. 1 Aug. 5 Aug. 2 32 Balance 108 Balance 231 Prepaid Insurance Photography Equipment Balance 0 Balance Common Stock Photography Fees Earned Balance 0 Balance 0 Utilities Expense Balance POSE-FOR-PICS Trial Balance August 31 Debit Credit Cash Office supplies Prepaid insurance Photography equipment Common stock Photography fees earned Utilities expense Totals $ 0 $ 0