Question: Required information Use the following information for Exercise 2-9 through Exercise 2-12 below. (5tatic) (The following information applies to the questions displayod bolow) Following are
Required information Use the following information for Exercise 2-9 through Exercise 2-12 below. (5tatic) (The following information applies to the questions displayod bolow) Following are the transactions of a new company called Pose-fad-Pics. Nagust 1M. Harris, the ouner, Invested $6,500 cash and $33,5e0 of phatography equipsent in the coobany. Aagust 2 The cospony paid 32 , ibe cosh for an insurance policy coverise the next 24 sontbs. Aupost 31 The conpany paid $675 cash for Rogust utitifies. Exercise 2-11 (Static) Analyzing transactions using accounting equation LO A1 Analyze each transsction above by showing its effects on the accounting equation-specificaly, identify the accounts and amounts (including + or - ) for each transaction. Use the following partial chart of sccounts: Cash, Supplies; Propaid insurance, Equipment; M. Harris, Cophtak; Services Revenue; and Utiltes Expense
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