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Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [The following information applies to the questions displayed below.] Following are the
Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [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 $14,750 cash and $63,425 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,200 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,803 cash. August 20 The company received $2,500 cash from taking photos for customers. August 31 The company paid $867 cash for August utilities. Exercise 2-12 (Algo) Preparing T-accounts (ledger) and a trial balance LO P1 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 11 Required 2 Post the transactions to the T-accounts. Cash Balance Balance < Prev 800 Supplies of 9 Next > Oter 02. HW of 2 Required information Post the transactions to the 1-accounts. Balance ped look + int Print erences c aw Cash 0 Prepaid Insurance Balance Balance Balance Common Stock Utilities Expense Balance Balance Saved Supplies Equipment Services Revenue Balance 0 Required 1 Required 2 > 8 < Prev 8 of 9 Next > Help mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com 02. HW Seved Required information 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 Cash Supplies Prepaid insurance Equipment Common stock Services revenue ces Utilities expense Totals August 31 Debit Credit $ 0 $ 0 < Required 1 Required 2> < Prev 8 of 9 Next >
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