The following Information applies to the questions displayed below.] Following are the transactions of a...
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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 $10,250 cash and $44,675 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,400 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,948 cash. August 20 The company received $2,800 cash from taking photos for customers. August 31 The company paid $881 cash for August utilities. 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.
The following information applies to the questions displayed below. Following are the transactions of a new company called Pose-for-Pics. for cateroi stock. August 5 . The conpany purchased supp 11 er for $1,948 cach. Alugust 20 The colpany recelved $2, gee cash froe taking photos for custosers. August ai The company pald seas cash tar August utilities. Required: 1. Post the transactions :o the T-accounts. 2 Use the amounts from the T-accounts in Requirement (y) to prepare an August 31 triar balance for Pose-for Pics
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