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Case: Following are the transactions of a new company called Pose-for-Pics.
August 1 M. Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock.August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months.August 5 The company purchased supplies for $880 cash.August 20 The company received $3,331 cash from taking photos for customers.August 31 The company paid $675 cash for August utilities.
1. Post the transactions to the T-accounts.
2. 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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