Business, 13.10.2020 06:01 guazet7650

Aug 1 Madison Harris, the owner, invested $7,500 cash and $34,500 of photography equipment in the company in exchange for common stock. 2 The company paid $3,100 cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $980 cash.
20 The company received $4,331 cash in photography fees earned.
31 The company paid $775 cash for August utilities.

Required:
a. Post the transactions to the T-accounts.
b. Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics.

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Aug 1 Madison Harris, the owner, invested $7,500 cash and $34,500 of photography equipment in the co...