Use the following information for Exercises 9-12 below. (Algo)

[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 $11,750 cash and $50,525 of photography equipment in the company in exchange for common stock.
		2		The company paid $3,300 cash for an insurance policy covering the next 24 months.
		5		The company purchased supplies for $2,233 cash.
		20		The company received $3,350 cash from taking photos for customers.
		31		The company paid $876 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.

Supplies Cash 11,750 Aug. 1 Aug. 2 Aug. 5 3,300 2,2331 Aug. 20 Balance 6,217 Balance Equipment Prepaid Insurance 3,3001 Aug. 2 Balance 3,300 Balance Common Stock Services Revenue Balance 0 Balance 0 Utilities Expense Balance 0