Question: please help i have 40 minutes Seved Help Save & Exh Submit Aug. 1 Madison Harris, the owner, invented $7,600 cash and $34,600 of photography


Seved Help Save & Exh Submit Aug. 1 Madison Harris, the owner, invented $7,600 cash and $34,600 of photography equipment in the company in change for common stock. 2 The company paid $3,200 cash for an insurance policy covering the next 24 months. 5 The company purchased office supplies for $990 cash. 20 The company received 54,431 cash in photography toes earned. 31 The company paid $785 cash for August utilities. 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 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 Cash Office Supplies Aug 1 7600 Aug. 1 Balance 0 70,000 Balance Prepaid Insurance 3,200 Photography Aquipment 34,600 (Aug. 2 Aug 1 Balance 3.200 Balance 34,600 Post the transactions to the T-accounts. $7600 Aug. 1 Aug. 1 0 -24 78,000 Balance Balance Prepaid Insurance 3,200 Photography Equipment 34,600 Aug. 1 Aug. 2 34,600 Balance 3,200 Balance Common Stock Photography Fees Earned Balance 0 0 Balance Utilities Expense Required 1 Required 2 Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance POSE-FOR-PICS Trial Balance August 31 Debit Credit Cash Office supplies Prepaid insurance Photography equipment Common stock Photography fees earned Utilities expense Totals $ 0 $ 0
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