Question
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
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 in exchange for common stock.
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.
Prepare an August 31 trial balance for Pose-for-Pics.
Debit Credit
Cash
Offices
Prepaid insurance
Photography equipment
Common stock
Photography fees earned
Utilities expense
Totals
Dont have to caculate totals. Thank you!
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