Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,400 cash and $34,400 of photography equipment in the company in exchange for common stock. 2 The company paid $3,800 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $970 cash. 20 The company received $4,231 cash in photography fees earned. 31 The company paid $765 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 7.400 4231 Office Supplies 970 Aug. 5 Aug. 1 Aug. 20 Balance 11.631 Balance Prepaid Insurance 3,000 Photography Equipment 34,4001 Aug 2 Aug. 1 Balance 3,000 Balance 34.400 Photography Fees Earned Common Stock 41,800 Aug. 20 4.23 Required i Required 2 Post the transactions to the T-accounts. Cash Office Supplies 970 Aug. 5 Aug. 1 Aug. 20 7,400 4.231 Balance Balance 970 Prepaid Insurance ,000 Photography Equipment 34.400 Aug 2 3 Balance 3,000 Balance 34.400 Common Stock 41,800 Photography Fees Earned 4,231 Aug. 20 41.800 Balance Utilities Expense Aug 31 Balance