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Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [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 $10,000 cash and $43,000 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,900 cash. August 20 The company received $3,150 cash from taking photos for customers. August 31 The company paid $883 cash for August utilities. xercise 2-12 (Algo) Preparing T-accounts (ledger) and a trial balance LO P1 equired: Post the transactions to the T-accounts. 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.

Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [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 $10,000 cash and $43,000 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,900 cash. August 20 The company received $3,150 cash from taking photos for customers. August 31 The company paid $883 cash for August utilities. xercise 2-12 (Algo) Preparing T-accounts (ledger) and a trial balance LO P1 equired: Post the transactions to the T-accounts. 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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required 1 Required 2 Post the transactions to the T-accounts. Balance Balance Balance Balance Cash 0 Prepaid Insurance Cash Supplies Prepaid insurance Equipment Common stock Services revenue Utilities expense Totals 0 Common Stock Required 1 Required 2 Utilities Expense S Complete this question by entering your answers in the tabs below. Debit Balance 0 $ Balance Credit Balance < Required 1 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 0 Equipment Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. POSE-FOR-PICS Trial Balance August 31 0 Services Revenue 0 Required 2 >
Transcribed Image Text:Required 1 Required 2 Post the transactions to the T-accounts. Balance Balance Balance Balance Cash 0 Prepaid Insurance Cash Supplies Prepaid insurance Equipment Common stock Services revenue Utilities expense Totals 0 Common Stock Required 1 Required 2 Utilities Expense S Complete this question by entering your answers in the tabs below. Debit Balance 0 $ Balance Credit Balance < Required 1 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 0 Equipment Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. POSE-FOR-PICS Trial Balance August 31 0 Services Revenue 0 Required 2 >
Required information Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [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 $10,000 cash and $43,000 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,900 cash. August 20 The company received $3,150 cash from taking photos for customers. August 31 The company paid $883 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.
Transcribed Image Text:Required information Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [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 $10,000 cash and $43,000 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,900 cash. August 20 The company received $3,150 cash from taking photos for customers. August 31 The company paid $883 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.
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