Question: Use the information in Exercise 2-7 to prepare an August 31 trial balance for Pose for Pics. Begin by opening these T-accounts: Cash; Office Supplies;

Use the information in Exercise 2-7 to prepare an August 31 trial balance for Pose for Pics. Begin by opening these T-accounts: Cash; Office Supplies; Prepaid Insurance; Photography Equipment; K. Madison, Capital; Photography Fees Earned; and Utilities Expense. Then, post the general journal entries to these T-accounts (which will serve as the ledger), and prepare the trial balance.

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Cash Photography Equipment Aug 1 7500 Aug 2 3000 Aug 1 32500 20 2650 5 1400 31 875 K Madison Capi... View full answer

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