The following are the transactions of a new company called Pose-for-Pics. Agu. 1 Madison Harris, the owner,
Fantastic news! We've Found the answer you've been seeking!
Question:
The following are the transactions of a new company called Pose-for-Pics.
Agu. | 1 | Madison Harris, the owner, invested $8,000 in cash and $35,000 in photographic equipment in the company in exchange for common stock. | ||
2 | The company paid $3,600 in cash for an insurance policy that covered the next 24 months. | |||
5 | The company purchased office supplies for $1,030 in cash. | |||
20 | The company received $4,831 in cash in earned photography fees. | |||
31 | The company paid $825 in cash for utilities in August. |
Required:
1. Post transactions to T-accounts.
2. Use the T-account amounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics.
Related Book For
Posted Date: