Check my wos Exercise 2-8 Preparing T-accounts (ledger) and a trial balance LO P2 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 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. Post the transactions to the T-accounts. Office Supplies 880 Aug. 1 Aug. 5 Cash 6,500 Aug. 2 Aug. 5 3,520 2,100 880 Balance 880 Aug. 1 Aug. 2 Aug. 5 Aug. 20 Aug. 31 Prepaid Insurance 2,100 Photography Equipment 33,500 Aug. 1 Balance 2,100 Balance 33,500 Common Stock Aug. 1 40,000 Photography Fees Earned Aug. 20 3,331 Balance 40,000 Balance 3,331 Prepaid Insurance 2,100 Photography Equipment 33,500 Aug. 2 Aug. 1 Balance 2,100 Balance 33,500 Common Stock Photography Fees Earned Aug. 20 Aug. 1 40,000 3,331 Balance 40,000 Balance 3,331 Utilities Expense Aug. 31 675 Balance 675 Required 1 Required 2 > Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. Credit POSE-FOR-PICS Trial Balance August 31 Debit Cash $ 6,176 Office supplies 880 Prepaid insurance 2,100 Photography equipment 33,500 Common stock Photography fees earned Utilities expense 675 Totals $ 43,331 40,000 3,331 $ 43,331 Post the transactions to the T-accounts. Cash Aug. 1 Office Supplies 880 Aug. 5 6,500 (Aug. 2 Aug. 5 3,520 2,100 880 Balance Balance 880 Prepaid Insurance 2,100 Aug, 2 Photography Equipment 33,500 Aug. 1 Balance 2,100 Balance 33,500 Common Stock Aug. 1 40,000 Photography Fees Earned Aug. 20 3,331 Ralance An Onn Ralanna 3331