Question

Chapter xC3.com Chapter 2 6 Help Save&Exit Submit Check my work Following are the transactions of a new company called Pose-for-Pics. Aug. 1 adsson Harrts, the owner. nasted se.5ea cash and 33.sae of photagraphy squipont in the corpany in exchango for conon The cepany paid $,1ae cash for an insurance palicy cowering the next 24 monts 5 The cospany purchased office supplies for 5880 cash 2 The cospary received 5,331 cash in photography fees eaed 1 The compary paid $675 csh for August utilities 4.54 points 1. Post the transactions to the T-accounts 2. Use the ชmounts from the Teccounts 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. Roquired1 Required 2 Post the transactions to the Taccounts. Roferences Balance Balance Balance Balance Common Stock O lype here to search Chapter xC3.com Chapter 2 6 Help Save&Exit Submit Check my work 12 Roquired1 Required 2 Post the transactions to the Taccounts. 454 points Balance Balance Balance Balance Common Stock Balance Balance Balance Required 1 Required2 > 。lype here to search Chapter xC3.com Chapter 2 6 Help Save&Exit Submit Check my work 12 Following ย' e lhe transecticris ore new cornuerry called Pose-ror-Pics. Aug 1 Madion Harris, the ouner, invested $,5 cah and 533,58e of photography equipnent in the corpany in exchangc for common 454 2 The corpany paid $2,18e cash for an insurance policy covering the next 24 nonths 5 The corpany purchased offica supplies for $883 cash 28 The corpany recoived $3,331 cash in photography tes aarnad 31 The corpany paid $675 cash ton Augustutties points Required: 1. Pust the traisctions to the T-accourits. 2 Use the amounts from the T-accounts in Requirement 1) to prepare an Alugust 31 trial balance tor Pose for-Pics Complete this question by entering your answers in the tahs below. Requirel 1 Required 2 tri uur sto r1Lhe T. Luurts .r.. ·to :trial b Ro rences se-r uitthe 1(1 August. 3 lence. 'P eHuit Tit re are t POSE-FOR-PICS Trial Balance August 31 Credit Cash Ollice supplies Preaald Insuranc Phctography equipment Common slock Phctography foes carner Utinies expense alals

Answer 1

T-Accounts

Cash

1/8	$6500	2/8	$2100
20/8	$3331	5/8	$880
		31/8	$675
Balance		31/8	$6176

Office supplies

5/8	$880
Balance		31/8	$880

Photography equipment

1/8	$33500
Balance		31/8	$33500

Common stock

		1/8	$6500
		1/8	$33500
31/8	$40000		Balance

Photography fees earned

		20/8	$3331

Utilities expenses

31/8	$675

Prepaid Insurance

2/8	$2100
Balance		31/8	$2100
Total

POS for -pics

Trial Balance

August, 31

	Debit	Credit
Cash	$6176
Office supplies	$880
Prepaid insurance	$2100
Photography equipment	$33500
Common stock		$40000
Photography fees earned		$3331
Utilities expenses	$675
Total	$43331	$43331