nswer and check do not reject the question than
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please answer and check do not reject the question thank you
Transcribed Image Text:Required information
Required 1
Required 2
Use the amounts from the T-accounts in Requirement (1) to prepare ar
POSE-FOR-PICS
Trial Balance
August 31
Debit
Credit
Cash
2$
6,176
Supplies
880
Prepaid insurance
2,100
Equipment
33,500
Common stock
Services revenue
Utilities expense
675
Totals
43,331
%24
Required 1
Requirec
Ac
raw
lill
( Prev
1 of 7
![Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com
Required information
[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 in
exchange for common stock.
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.
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.
X Answer is not complete.
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
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Transcribed Image Text:Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com
Required information
[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 in
exchange for common stock.
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.
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.
X Answer is not complete.
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
< Prev
1 of 7
Next >
MacBook Air
DII
DD
888
F8
F10
11
F1
F2
F3
@
#
$
&
2
3
4
6.
7
8.
W
E
T
Y
S
F
G
K
>
Z
C
V
.. .-
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