Following are the transactions of a new company called Pose-for-Pics Aug. 1 Madison Harris, the owner, invested $7,200 cash and $34,200 of photography equipment in the company in exchange for common stock. 2 The company paid $2,800 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $950 cash. 20 The company received $4,031 cash in photography fees earned. 31 The company paid $745 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 7,000 Office Supplies Aug. 1 Balance 7,000 Balance 0 Prepaid Insurance Photography Equipment Aug 2 Balance 0 Balance Common Stock Photography Fees Earned Balance Balance Utilities Expense Balance Required 2 > 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. POSE-FOR-PICS Trial Balance August 31 Debit Credit Cash Office supplies Prepaid insurance Photography equipment Common stock Photography fees earned Utilities expense Totals $ 0$ 0