Required information [The following information applies to the questions displayed below] Following are the transactions of a new company called Pose-for-Pics. August 1M. Barris, the owner, invested $14,250 cash and $61,275 of photography equiphest in the conpany in exchange for common stock. Nuguat 2 The company paid $2,500 cash for an insurance policy covering the next 24 manthe. Auguat 5 The company purehased supplies for $2,708 cash. Alagust 20 The company recelved $2,300 cash t ros taking photios for eustomers. Augunt 31 The company paid $874 cash for Augunt utilities. Required: 1. Post the 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. Complete this question by entering your answers in the tabs below. 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. [The following information applies to the questions displayed below] Following are the transactions of a new company called Pose-for-Pics. August 1M. Harris, the owner, Invted $14,250 cash and $61,275 of photography equipitent in the earpany in exehange for cormon stock. huguat 2 The company paid $2,500 caah for an insurasce policy coverisg the sext 24 nonths. August 5 the company parchased supplites for $2,708 cash. Auqust 20 The conpany recelved 52,500 eaih froh taking photos for custoners. Augant 31 the company paid \$B74 can for Asgust utilitien. alyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts cluding + or - ) for each transaction. Use the following partial chart of accounts: Cash; Supplies; Prepaid insurance; Equipment; mmon Stock; Services Revenue; and Utilities Expense. Required information [The following information applies to the questions displayed below] Following are the transactions of a new company called Pose-for-Pics. August 1M. Barris, the owner, invested $14,250 cash and $61,275 of photography equiphest in the conpany in exchange for common stock. Nuguat 2 The company paid $2,500 cash for an insurance policy covering the next 24 manthe. Auguat 5 The company purehased supplies for $2,708 cash. Alagust 20 The company recelved $2,300 cash t ros taking photios for eustomers. Augunt 31 The company paid $874 cash for Augunt utilities. Required: 1. Post the 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. Complete this question by entering your answers in the tabs below. 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. [The following information applies to the questions displayed below] Following are the transactions of a new company called Pose-for-Pics. August 1M. Harris, the owner, Invted $14,250 cash and $61,275 of photography equipitent in the earpany in exehange for cormon stock. huguat 2 The company paid $2,500 caah for an insurasce policy coverisg the sext 24 nonths. August 5 the company parchased supplites for $2,708 cash. Auqust 20 The conpany recelved 52,500 eaih froh taking photos for custoners. Augant 31 the company paid \$B74 can for Asgust utilitien. alyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts cluding + or - ) for each transaction. Use the following partial chart of accounts: Cash; Supplies; Prepaid insurance; Equipment; mmon Stock; Services Revenue; and Utilities Expense
