Following are the transactions of a new company called Pose-for-Pics. Aug. 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
Balance					Balance
Common Stock					Photography Fees Earned
Balance					Balance
Utilities Expense
Balance

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
  Prepaid insurance
  Photography equipment
  Common stock
  Photography fees earned
  Utilities expense
  Totals