Question: Requlred information IThe following intormation applies to the questions disployed belowe] Following are the transactions of a new compuny called Pose-for-Pics. Aagat 7 m. Barrie,
Requlred information IThe following intormation applies to the questions disployed belowe] Following are the transactions of a new compuny called Pose-for-Pics. Aagat 7 m. Barrie, the onner, Lhwested 16,304 cath atd 531,300 of phatography equipent in the poopany in emehasde for tonbet steck. August 2 The eonpaby paid 32,160 eash for an inaoraben poliey eovering the next 24 monthe. Aogust 1 the conplopy porehoied popplien for sulo eawh. Nuguat 10 the eoopany reselved 93,311 rand fran tak.ibp photos for cuntoens. Analyze each transaction above by showing its effects on the accounting equaton-specifically, idechis the accounts and amounts fincluding * of -) for each transaction, Use the foliowing partial chart of accounts: Cash; Supplies, Prepaid insurance; Equpment Common 5tock Services Revertue: and Uhiteva Expense. Requlred information IThe following intormation applies to the questions disployed belowe] Following are the transactions of a new compuny called Pose-for-Pics. Aagat 7 m. Barrie, the onner, Lhwested 16,304 cath atd 531,300 of phatography equipent in the poopany in emehasde for tonbet steck. August 2 The eonpaby paid 32,160 eash for an inaoraben poliey eovering the next 24 monthe. Aogust 1 the conplopy porehoied popplien for sulo eawh. Nuguat 10 the eoopany reselved 93,311 rand fran tak.ibp photos for cuntoens. Analyze each transaction above by showing its effects on the accounting equaton-specifically, idechis the accounts and amounts fincluding * of -) for each transaction, Use the foliowing partial chart of accounts: Cash; Supplies, Prepaid insurance; Equpment Common 5tock Services Revertue: and Uhiteva Expense
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