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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. August 1 M. Harris, the owner,

[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 $10,250 cash and $44,075 of photography equipment in the company in exchange for common stock.
August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $1,948 cash.
August 20 The company received $3,100 cash from taking photos for customers.
August 31 The company paid $882 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.image text in transcribed
Post the transactions to the T-accounts

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