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Question: exercise 28 preparing taccounts ledger and a trial balance lo...

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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 Aug 1 Madi son Harris, the owner, snwested 56,99 cash and 33,800 of photography equigment in the company in exchange f stock 2 The company paid $2,400 cash for an insurance policy covering the next 24 months S The company purchased office supplies for $918 cash. 20 The conpany received $3,631 cash in photography fees earned 31 The company paid $705 cash for August utilitles. Required: 1. Post the transactions to the T-accounts 2. Use the amounts from the T-accounts in Requirement () 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. Balance Balance Balance Balance 1 of 4E Next acer
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Aug. 1 Madison Harris, the ouner, invested $6,868 cash and $33, 809 of photography equi stock. 2 The company paid $2,400 cash for an insurance policy covering the next 24 month 5 The company purchased office supplies for $910 cash. 20 The company received $3,631 cash in photography fees earned. 1 The company paid $795 cash for August utilities. ts 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 ba Complete this question by entering your answers in the tabs below eBook | Required 1 Required 2 Hint Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balane POSE-FOR PICS Trial Balance August 31 Print eferences Debit Credit Cash Office supplies Prepaid insurance Photography equipment Common stock Photography fees earned Utilities expense Totals KRequired 1
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