Following are the transactions of a new company called Pose-for-Pics.

Aug. 1 Madison Harris, the owner, invested $6,900 cash and $33,900 of photography equipment in the company in exchange for common stock.

Aug 2 The company paid $2,500 cash for an insurance policy covering the next 24 months.

Aug 5 The company purchased office supplies for $920 cash.

Aug 20 The company received $3,731 cash in photography fees earned.

Aug 31 The company paid $715 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.

Cash

Balance

Office Supplies

Balance

Prepaid Insurance

Balance

Photography Equipment

Balance

Common Stock

Balance

Photography Fees Earned

Balance

Utilities Expense

Balance