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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
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 $6,250 cash and $26,875 of photography equipment in the company in exchange for common stock! 2. The company paid $3,000 cash for an insurance policy covering the next 24 months 5 The company purchased supplies for $1,188 cash 20 The company received $2,000 cash from taking photos for customers. 31 The company paid $871 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 1 Required 2 Post the transactions to the T-accounts. Cash Supplies Balance Balance Prepaid Insurance Equipment
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