Business, 17.02.2020 19:52 NatalieAllen11

Following are the transactions of a new company called Pose-for-Pics.

Aug. 1 Madison Harris, the owner, invested $12,000 cash and $51,600 of photography equipment in the company in exchange for common stock.
2 The company paid $2,300 cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $2,280 cash. 20 The company received $2,000 cash in photography fees earned.
31 The company paid $881 cash for August utilities.

Prepare an August 31 trial balance for Pose-for-Pics.

a. Debit Credit
b. Cash
c. Offices
d. Prepaid insurance
e. Photography equipment
f. Common stock
g. Photography fees earned
h. Utilities expense
i. Totals

Answers: 2

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Following are the transactions of a new company called Pose-for-Pics.

Aug. 1 Madison Har...

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