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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. pag. 1 Madison Harris,
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. pag. 1 Madison Harris, the owner, invested $6,700 cash and $33,700 of photography equipment in the company in exchange for common stock. 2 The company paid $2,300 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $900 cash. 20 The company received $3,531 cash in photography fees earned 31 The company paid $695 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the transactions to the T-accounts. Cash Office Supplies Balance Balance Prepaid Insurance Photography Equipment MacBook Pro G Search or type URL # 3 $ 4 2 % 5 6 & 7 8 9 0 2 W E R T Y U I S D F G H J L N X C V B NM
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