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I dont know how to set up this T-Accounts Required information The following information applies to the questions displayed below.I Following are the transactions of
I dont know how to set up this T-Accounts
Required information The following information applies to the questions displayed below.I Following are the transactions of a new company called Pose for.Pics. August 1 M. Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $880 cash. August 20 The company received $3,331 cash fron taking photos for customers. August 31 The company paid $675 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 V Post the transactions to the T-accounts. Cash Supplies August 1 Balance Balance Prepaid Insurance Equipment August 1 Balance 0 Balance Common Stock Services Revenue Balance 0 Balance Utilities Expense Balance Step by Step Solution
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