Exercise 2-8 Preparing T-accounts (ledger) and a trial balance LO P2 Aug. Following are the transactions of a new company called Pose-for-Pics. 1 Madison Harris, the owner, invested $6,600 cash and $33,600 of photography equipment in the company in exchange for common stock. 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $890 cash. 20 The company received $3,431 cash in photography fees earned. 31 The company paid $685 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. board Lam Coo Mail > COD MyACCESS myBamamu Hent Manager Saved 2 Homework 3 Cash Office Supplies Balance 0 Balance 0 Prepaid Insurance Photography Equipment Book Print Balance 0 Balance ferences Common Stock Photography Fees Earned Balance Balance 0 Utilities Expense Balance tv Aa O MacBook Pro Q Search or type URL D * % $ 4 & 7 2 3 5 6 8 9 2 W E R T Y c V 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 Trial Balance August 31 Debit Credit Cash es Office supplies Prepaid insurance Photography equipment Common stock Photography fees earned Utilities expense Totals $ 0 $