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Following are the transactions of a new company called Pose$-$for$-$Pics.

August $1M.$ Harris, the owner, invested $$12,750$ cash and $$54,825$ of photography equipment in the company in exchange for common stock.

August $2$ The company paid $$2,500$ cash for an insurance policy covering the next $24$ months.

August $5$ The company purchased supplies for $$2,423$ cash.

August $20$ The company received $$2,000$ cash from taking photos for customers.

August $31$ The company paid $$869$ cash for August utilities.

Required:

Post the transactions to the T$-$accounts.

Use the amounts from the T$-$accounts in Requirement $(1)$ to prepare an August $31$ trial balance for Pose$-$for$-$Pics.

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The transactions of Spade Company appear below.

a$.$ K$.$ Spade, owner, invested $$19,000$ cash in the company in exchange for common stock.

b$.$ The company purchased supplies for $$551$ cash.

c$.$ The company purchased $$10,507$ of equipment on credit.

d$.$ The company received $$2,242$ cash for services provided to a customer.

e$.$ The company paid $$10,507$ cash to settle the payable for the equipment purchased in transaction $c.$

f$.$ The company billed a customer $$4,028$ for services provided.

g$.$ The company paid $$525$ cash for the monthly rent.

h$.$ The company collected $$1,692$ cash as partial payment for the account receivable created in transaction $f.$

i$.$ The company paid a $$1,000$ cash dividend to the owner $($sole shareholder$).$

Prepare the Trial Balance. Use May $31$ as its report date.

Note: Hint: Accounts must be listed in financial statement order: Assets first, followed by liabilities, equity, revenues and expenses.

$\backslash$table$[[$SPADE COMPANY$],[$Mrial Balance,$],[,$Debit,Credit$],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$