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

Aug.1Madison Harris, the owner, invested $6,800 cash and $33,800 of photography equipment in the company.2The company paid $2,400 cash for an insurance policy covering the next 24 months.5The company purchased office supplies for $910 cash.20The company received $3,631 cash in photography fees earned.31The company paid $705 cash for August utilities.

Required:

1. Post the transactions to the T-accounts.

2. Use the amounts from the T-accounts in Requirement (1) for an August 31 trial balance for Pose-for-Pics.