[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 $14,500 cash and $62,350 of photography equipment in the company. August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,755 cash. August 20 The company received $2,950 cash from taking photos for customers. August 31 The company paid $885 cash for August utilities. Required: 1. Post the above 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. August 1 M. Harris, the owner, invested $14,500 cash and $62,350 of photography equipment in the company. August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,755 cash. August 20 The company received $2,950 cash from taking photos for customers. August 31 The company paid $885 cash for August utilities. Required: 1. Post the above 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Required information
[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 $14,500 cash and $62,350 of photography equipment in the company.
August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $2,755 cash.
August 20 The company received $2,950 cash from taking photos for customers.
August 31 The company paid $885 cash for August utilities.
k
Required:
1. Post the above transactions to the T-accounts.
t
2. Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics.
nces
Complete this question by entering your answers in the tabs below.
Required 11 Required 2
Post the above transactions to the T-accounts.
Supplies
Cash
3
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T-Connect Assignment 1
Saved
Help
Save & Exit Subm
Check my work
Required information
[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 $14,500 cash and $62,350 of photography equipment in the company.
August 2 The company paid $4,000 cash for an insurance policy covering the next 24 months.
August 5 The company purchased supplies for $2,755 cash.
August 20 The company received $2,950 cash from taking photos for customers.
August 31 The company paid $885 cash for August utilities.
k
Required:
1. Post the above transactions to the T-accounts.
t
2. Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics.
nces
Complete this question by entering your answers in the tabs below.
Required 11 Required 2
Post the above transactions to the T-accounts.
Supplies
Cash
3
< Prev
of 10
www
www
www
Next >
O
L
ere to search
3
E
C
4
R
F
%
V
5
T
G
6
B
Bi
Y
H
&
7
N
U
J
8
4
O
M
hp
1414
9
K
O
O
L
FFI
P
{
+
C
=
41
75°F Cloudy @
prt sc
delete
backspace
1
3
pause
4x F
home
num
lock
enter
10:50 A
6/3/202
7
ho
T shit
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