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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 $13,250 cash and $56,975 of photography equipment in the company in exchange for common stock.
August 2 The company paid $3,800 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $2,518 cash.
August 20 The company received $3,200 cash from taking photos for customers.
August 31 The company paid $879 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

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