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 1Required 2Post the transactions to the T-accounts.CashSuppliesBalanceBalancePrepaid InsuranceEquipmentBalanceBalanceCommon StockServices RevenueBalanceBalanceUtilities ExpenseBalance< Required 1Required 2 > Required informationUse 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.1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in the companyin exchange for common stock.2 The company paid $2,100 cash for an insurance policy covering the next 24 months.5 The company purchased supplies for $1,758 cash.20 The company received $3,850 cash from taking photos for customers.31 The company paid $881 cash for August utilities.Aug.

Name: Required:1. Post the transactions to the T-accounts.2. Use the amount
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Description: 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 1Require

T account: T account is a T-shaped appearance of the journal entries related to a specific account…

Business

Accounting

Following are the transactions of a new company called Pose-for-Pics. 1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in the company in exchange for common stock. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased supplies for $1,758 cash. 20 The company received $3,850 cash from taking photos for customers. 31 The company paid $881 cash for August utilities. Aug.

Following are the transactions of a new company called Pose-for-Pics. 1 Madison Harris, the owner, invested $9,250 cash and $39,775 of photography equipment in the company in exchange for common stock. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. 5 The company purchased supplies for $1,758 cash. 20 The company received $3,850 cash from taking photos for customers. 31 The company paid $881 cash for August utilities. Aug.

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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