Question: Required information Use the following information for Exercises 912 below. (Algo) [The following information applies to the questions displayed below] Following are the transactions of
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Required information Use the following information for Exercises 912 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 $13,000 cash and $55,900 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,470 cash. August 20 The company received $2,950 cash from taking photos for customers. August 31 The company paid $877 cash for August utilities. 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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