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 $7,500 cash and $32,250 of photography equipment in the company. August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,425 cash. August 20 The company received $3,050 cash from taking photos for customers. August 31 The company paid $868 cash for August utilities. Required: 1. Post the above 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 above transactions to the T-accounts. Cash Supplies
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 $7,500 cash and $32,250 of photography equipment in the company. August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,425 cash. August 20 The company received $3,050 cash from taking photos for customers. August 31 The company paid $868 cash for August utilities. Required: 1. Post the above 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 above transactions to the T-accounts. Cash Supplies
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 9EB: Identify whether each of the following transactions would be recorded with a debit (Dr) or credit...
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Transcribed Image Text:Required 1 Required 2
Post the above transactions to the T-accounts.
Ending Balance
Ending Balance
Ending Balance
Cash
Prepaid Insurance
M. Harris, Capital
Utilities Expense
Ending Balance
Ending Balance
Ending Balance
Supplies
Equipment
Services Revenue
![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 $7,500 cash and $32,250 of photography equipment in the company.
August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $1,425 cash.
August 20 The company received $3,050 cash from taking photos for customers.
August 31 The company paid $868 cash for August utilities.
Required:
1. Post the above 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 above transactions to the T-accounts.
Cash
Supplies](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7ab9f140-81a5-4aaa-b139-9123517da390%2F9eebb9f9-8b14-4cf3-914f-70277e49ec3a%2F5hb5cab_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 $7,500 cash and $32,250 of photography equipment in the company.
August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $1,425 cash.
August 20 The company received $3,050 cash from taking photos for customers.
August 31 The company paid $868 cash for August utilities.
Required:
1. Post the above 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 above transactions to the T-accounts.
Cash
Supplies
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