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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 $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.
  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.

A.

image text in transcribed

B.

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Part A options for columns 1 and 3 on all graphs:

  • August 1
  • August 2
  • August 5
  • August 20
  • August 31
Post the above transactions to the T-accounts

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