multi part, please be sure to answer all 1
2.
Check my Exercise 2-8 Preparing T-accounts (ledger) and a trial balance LO P2 Following are the transactions of a new company called Pose-for-Pics. Aug sk 1 Madison Harris, the owner, invested 58,500 cash and $35,500 of photography equipment in the company in exchange for common stock. 2 The company paid $4,100 cash for an insurance policy covering the next 24 months 5 The company purchased office supplies for $1,080 cash. 20 The company received $5,331 cash in photography fees earned 31 The company paid $875 cash for August utilities unt ences Required: 1. Post the transactions to the Teaccounts 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: Required 2 Post the transactions to the T-accounts Office Supplies Cash 8.500 Aug 1 44 000 Aug 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the transactions to the T-accounts. Office Supplies Aug 1 Cash 8,500 Aug 1 35,500 44,000 Balance 0 Balance Prepaid Insurance Photography Equipment Balance Balance 0 Common Stock Photography Fees Earned Prepaid Insurance Photography Equipment Balance 0 Balance Common Stock Photography Fees Earned Balance 0 Balance Utilities Expense Balance 0 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. Credit POSE-FOR-PICS Trial Balance August 31 Debit Cash Office supplies Prepaid insurance Photography equipment Common stock Photography fees earned Utilities expense Totals $ $ 0 3 5 6 8 ... 17 The company purchased land worth $53,000 for an office by paying $9,800 cash and signing a long-term note payable for $43,200. Note: Enter debits before credits. Tranasaction Account Title Debit Credit b Record entry Clear entry View general journal 1 2 4 5 6 7 8 17 > The company purchased a portable building with $54,000 cash and moved it onto the land acquired in b. Note: Enter debits before credits. Tranasaction Account Title Debit Credit Record entry Clear entry View general journal Required 2 > The company paid $2,600 cash for the premium on an 18-month insurance policy Note: Enter debits before credits. Account Title Debit Credit Tranasaction d Record entry Clear entry View general journal GE The company completed and delivered a set of plans for a client and collected $6,900 cash. Note: Enter debits before credits. Tranasaction Account Title Debit Credit Record entry Clear entry View general journal 2. 3 4 5 7 8 .... 17 The company purchased $21,000 of additional drafting equipment by paying $10,100 cash and signing a long-term note payable for $10,900. Note: Enter debits before credits. Tranasaction Account Title Debit Credit f Record entry Clear entry View general journal 2 3 4 A 5 6 7 8 17 The company purchased $1,500 of additional office equipment on credit. Note: Enter debits before credits. Tranasaction Account Title Debit Credit Record entry Clear entry View general journal Required 2 RELE 17 THE The company completed engineering services for $23,000 on credit. Note: Enter debits before credits. Tranasaction Account Title Debit Credit Record entul Clear entry View general journal The company received a bill for rent of equipment that was used on a recently completed job. The $1,692 rent cost must be paid within 30 days. Note: Enter debits before credits. Tranasaction Account Title Debit Credit j Record entili Clear entry View general journal 1 6 7 8 LEIII 9 10 11 17 The company collected $9,000 cash in partial payment from the client described in transaction g. Note: Enter debits before credits. Tranasaction Account Title Debit Credit k Record entili Clear entry View general journal 1 7 .. 8 9 10 11 12 ... 17 The company paid $1,200 cash for wages to a drafting assistant. Note: Enter debits before credits. Tranasaction Account Title Debit Credit Record entlig Clear entry View general journal ter 2 Saveg 10 11 12 13 14 15 RE 16 wwwwwwwww 17 The company paid $2,400 cash for wages to a drafting assistant. Note: Enter debits before credits. Tranasaction Account Title Debit Credit Racord entry Clear entry View general journal Required 2 >
