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I need some help with this practice question! Thanks! Post the transactions to the T-accounts. Required information Use the following information for Exercise 2-9 through
I need some help with this practice question! Thanks!
Post the transactions to the T-accounts. Required information Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [The following information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. August 1M. Harris, the owner, invested $15,000 cash and $64,500 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,850 cash. August 20 The company received $2,150 cash from taking photos for customers. August 31 The company paid $869 cash for August utilities. Exercise 2-12 (Algo) Preparing T-accounts (ledger) and a trial balance LO P1 Required: 2. 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. Complete this question by entering your answers in the tabs below. Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics Step by Step Solution
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