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ACC300 Principles Of Accounting Assignment

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ACC300 Principles Of Accounting Assignment - University of Phoenix, USA

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

Aug. 1 Madison Harris, the owner, invested $6,800 cash and $33,800 of photography equipment in the company.

Aug. 2 The company paid $2,400 cash for an insurance policy covering the next 24 months.

Aug. 5 The company purchased office supplies for $910 cash.

Aug. 20 The company received $3,631 cash in photography fees earned.

Aug. 31 The company paid $705 cash for August utilities.

Required -

1. Post the transactions to the T-accounts.

2. Use the amounts from the T-accounts in Requirement (1) for an August 31 trial balance for Pose-for-Pics.

Reference no: EM132448797

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