! Required information Use the following information for Exercises 9-12 below. (Static) [The following information applies to the questions displayed below.) Following are the transactions of a new company called Pose-for-Pics. August i M. Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $880 cash. August 20 The company received $3,331 cash from taking photos for customers. August 31 The company paid $675 cash for August utilities. Exercise 2-9 (Static) Preparing general journal entries LO A1 Prepare general journal entries for the above transactions. x Answer is not complete. No Date General Journal Credit 1 August 01 Cash Debit 6,500 33,500 Equipment M. Harris, Capital OOO 40,000 2 August 02 Prepaid insurance 2,100 3 August 05 Supplies 880 4 August 20 Cash 3,331 5 August 31 Utilities expense 675 Required information Use the following information for Exercises 9-12 below. (Static) (The following information applies to the questions displayed below. Following are the transactions of a new company called Pose-for-Pics. August i M. Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $880 cash. August 20 The company received $3,331 cash from taking photos for customers. August 31 The company paid $675 cash for August utilities. Exercise 2-10 (Static) Recording transactions in balance column accounts LO A1 Open a ledger account for Cash in balance column format. Post general journal entries that impact cash from above transactions to the ledger account for cash. 101: Cash Debit Credit Balance Date August 1 August 2 August 5 August 20 August 31 Required information Use the following information for Exercises 9-12 below. (Static) (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 $6,500 cash and $33,500 of photography equipment in the company. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $880 cash. August 20 The company received $3,331 cash from taking photos for customers. August 31 The company paid $675 cash for August utilities. Exercise 2-11 (Static) Analyzing transactions using accounting equation LO A1 Analyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. Use the following partial chart accounts: Cash; Supplies; Prepaid Insurance; Equipment; M. Harris, Capital; Services Revenue; and Utilities Expense. Assets Liabilities + Equity (+) Increase 6,500 = = + + = + Date August 1 Cash August 1 August 2 August 2 August 5 August 5 20 August 31 = + + Required information 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. Complete this question by entering your answers the tabs below. Required 1 Required 2 Post the above transactions to the T-accounts. Cash Supplies Ending Balance Ending Balance Prepaid Insurance Equipment Ending Balance Ending Balance M. Harris, Capital Services Revenue Ending Balance Ending Balance Utilities Expense Ending Balance Required information Use the following information for Exercises 9-12 below. (Static) (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 $6,500 cash and $33,500 of photography equipment in the company. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased aupplies for $880 cash. August 20 The company received $3,331 cash from taking photos for customers. August 31 The company paid $675 cash for August utilities. Exercise 2-12 (Static) Preparing T-accounts (ledger) and a trial balance LO P1 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. POSE-FOR-PICS Trial Balance August 31 Debit Credit Cash Suppo Prepaid Insurance Equipment M. Harris, Capital Services revenue Utilities expense Totals