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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.
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 $6,250 cash and $26,875 of photography equipment in the company. August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,188 cash. August 20 The company received $2,450 cash from taking photos for customers. August 31 The company paid $870 cash for August utilities. Required: 1. Post the above 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 Part 4 of 4 Required 1 Required 2- Mc Post the above transactions to the T-accounts. Cash Supplies Ending Balance Ending Balance Prepaid Insurance Equipment Ending Balance Ending Balance M. Harris, Capital Ending Balance Ending Balance Utilities Expense Ending Balance 0 0 Services Revenue Required 2 > Cash Supplies Prepaid insurance Equipment M. Harris, Capital Services revenue POSE-FOR-PICS Trial Balance August 31 Utilities expense Totals $ Debit Credit
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