Required information

Use the following information for Exercise $2-9$ through Exercise $2-12$ below. $($Algo$)$

$[$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 $$14,250$ cash and $$61,275$ of photography equipment in the company in exchange for common stock.

August $2$ The company paid $$2,900$ cash for an insurance policy covering the next $24$ months.

August $5$ The company purchased supplies for $$2,708$ cash.

August $20$ The company received $$3,800$ cash from taking photos for customers.

August $31$ The company paid $$865$ cash for August utilities.

Exercise $2-12($Algo$)$ Preparing T$-$accounts $($ledger$)$ and a trial balance LO P$1$

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.

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