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Required information Skip to question [ The following information applies to the questions displayed below. ] Following are the transactions of a new company called

Required information
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[The following information applies to the questions displayed below.]
Following are the transactions of a new company called Pose-for-Pics.
August 1 M. Harris, the owner, invested $10,500 cash and $45,150 of photography equipment in the company in exchange for common stock.
August 2 The company paid $3,500 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $1,995 cash.
August 20 The company received $2,650 cash from taking photos for customers.
August 31 The company paid $878 cash for August utilities.
Required:
Post the transactions to the T-accounts.
Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics.

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