Following are the transactions of a new company called Pose-for-Pics.
Aug. 1 Madison Harris, the owner, invested $6,800 cash and $33,800 of photography equipment in the company. 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $910 cash. 20 The company received $3,631 cash in photography fees earned. 31 The company paid $705 cash for August utilities.
1. Post the transactions to the T-accounts.
2. Use the amounts from the T-accounts in Requirement (1) for an August 31 trial balance for Pose-for-Pics.
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