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[The following information applies to the questions displayed below.) Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner,

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[The following information applies to the questions displayed below.) Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $8,750 cash and $37,625 of photography equipment in the company in exchange for common stock. 2 The company paid $2,700 cash for an insurance policy covering the next 24 months. 5 The company purchased supplies for $1,663 cash. 20 The company received $3,600 cash from taking photos for customers. 31 The company paid $870 cash for August 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. Required 1 Required Post the transactions to the T-accounts. Cash Supplies Aug 1 Cash Supplies Aug. 1 Balance Balance Prepaid Insurance Equipment Balance Balance Common Stock Services Revenue Balance Balance Utilities Expense Balance 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 Supplies Prepaid insurance Equipment Common stock Services revenue Utilities expense Totals $ 0 $ 0

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