Following are the transactions of a new company called Pose for Pics Aug 1 Madison Harris, the owner, invested $7,900 cash and $34,900 of photography equipment in the company in exchange for common stock 2 The company paid $3,500 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $1,020 cash 20 The company received $4,731 cash in photography fees earned 31 The company paid $815 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 Required 1 Required 2 Post the transactions to the T accounts Cash Office Supplies Aug 1 Aug 20 Balance Balance Prepaid Insurance Photography Equipment Balance Balance Common Stock Photography Fees Earned Balance Balance Utilities Expense Balance 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 Office supplies Prepaid insurance Photography equipment Common stock Photography fees earned Utilities expense Totals $ 0 $ 0

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Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,900 cash and $34,900 of photography equipment in

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

Aug.	1	Madison Harris, the owner, invested $7,900 cash and $34,900 of photography equipment in the company in exchange for common stock.
	2	The company paid $3,500 cash for an insurance policy covering the next 24 months.
	5	The company purchased office supplies for $1,020 cash.
	20	The company received $4,731 cash in photography fees earned.
	31	The company paid $815 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. image text in transcribed

Required 1 Required 2 Post the transactions to the T-accounts. Cash Office Supplies Aug. 1 Aug. 20 Balance Balance Prepaid Insurance Photography Equipment Balance Balance Common Stock Photography Fees Earned Balance Balance Utilities Expense Balance 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 Office supplies Prepaid insurance Photography equipment Common stock Photography fees earned Utilities expense Totals $ 0 $ 0