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sacoyia27
sacoyia27
02.03.2020 • 
Business

Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $6,900 cash and $33,900 of photography equipment in the company in exchange for common stock. 2 The company paid $2,500 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $920 cash. 20 The company received $3,731 cash in photography fees earned. 31 The company paid $715 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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