Question

Exercise 2.8 Preparing T-accounts (ledger) and a trial balance LO P2 Following are the transactions of a new company called Pose-for-Pics Madison Harris, the owner, invested $6, see cash and $33,500 of photography equipment in the company. 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. The company purchased office supplies for 58se cash 20 The company received $3,331 cash in photography fees earned. 31 The company paid $675 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Post the transactions to the T-accounts. Cash Office Supplies Balance 0 Balance Prepaid Insurance Photography Equipment Balance 0 Balance 0 M. Harris, Capital Photography Fees Eamed

Answer 1

Cash Date Amount Date llos 6500 2103 20108 3331 slo8 31103 Balanced Amount 2.100 880 office Supplies Dale Amount Date I Amount oslos Balance 880 880 675 6176 Photography feos Carred Prepaid Insurance Date Amount Dute 2108 Balance Amount Date 2100 Amount | Date 20108 Aman 3331 2100 Balance 3331 pleb.compon stock utilities Expence Amount Date Amount / Date 'Amount 1108 6500 1108 33500 Balance 40000 Coco Date Amount Date 31108 675 Balanced 675

Date 1108 photography equipment Amount Date Amount 33500 Balance 33500 2100 Trial Balance Particolar IDebit Gedit ash 6176 office supplies 880 Prepaid Insurance pholography @quipment 33500 Common slock 40000 photographyfee leuced utilities Expense 875 Total -> 43331 --> 433314333) 3331