Required information
Use the following information for Exercise through Exercise below. Static
The following information applies to the questions displayed below.
Foliowing are the transactions of a new company called PoseforPics.
August K Harris, the owner, invested $ cash and $ of photography equipment in the company.
Rugust The company paid $ cash for an insurance policy covering the next months.
August The company purchased supplies for $ cash.
August The company received $ cash from taking photos for customers.
August The company paid $ cash for August utilities.
Exercise Static Analyzing transactions using accounting equation LO A
Znalyze each transaction above by showing its effects on the accounting equationspecifically, Identify the accounts and amounts
lincluding or for each transaction. Use the following partial chart of accounts: Cash: Supplies: Prepald insurance: Equipment: M
Harris, Capital; Services Revenue: and Utilities Expense.
