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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. Aug. 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. 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 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 Required1Required 2 Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics POSE-FOR-PICS Trial Balance August 31 Debit Credit Cash Office supplies repaid insurance Photography equipment M. Harris, Capital Photography fees earned Utilities expense 6,176 880 2,100 33500 40,000 3,331 675 lotals $43,331$ 43,331
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