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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. Harris,
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 dimer, Invested $14,250 cash and $61,275 of photography equipment in the company. August 2 The company paid $2,100 cash for on insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,798 cash. August 20 The company received $2,700 cash from taking photos for customers. August 31 The company pald $885 cash for August utilities. Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this pro 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. Required information Post the above transactions to the T-accounts. Required 2 \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ POSE-FOR-PICS } \\ \hline \multicolumn{3}{|c|}{ Trial Balance } \\ \hline \multicolumn{3}{|c|}{ August 31} \\ \hline & Debit & Credit \\ \hline \multicolumn{3}{|l|}{ Cash } \\ \hline \multicolumn{3}{|l|}{ Supplies } \\ \hline \multicolumn{3}{|l|}{ Prepaid insurance } \\ \hline \multicolumn{3}{|l|}{ Equipment } \\ \hline \multicolumn{3}{|l|}{ M. Harris, Capital } \\ \hline \multicolumn{3}{|l|}{ Services revenue } \\ \hline Utilities expense & 1 & \\ \hline Totals & & \\ \hline \end{tabular}
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