Required information

$[$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 $$12,500$ cash and $$53,750$ of photography equipment in the company in

exchange for common stock.

August $2$ The company paid $$2,400$ cash for an insurance policy covering the next $24$ months.

August $5$ The company purchased supplies for $$2,375$ cash.

August $20$ The company received $$3,800$ cash from taking photos for customers.

August $31$ The company paid $$873$ 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.

Complete this question by entering your answers in the tabs below.

Post the transactions to the T$-$accounts.

Prepaid Insurance

Common Stock