Following are the transactions of a new company called Pose-for-Pics.
Aug. 1 Madison Harris, the owner, invested $8,500 cash and $35,500 of photography equipment in the company in exchange for common stock.
2 The company paid $4,100 cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $1,080 cash.
20 The company received $5,331 cash in photography fees earned.
31 The company paid $875 cash for August utilities.
Required:
Prepare an August 31 trial balance for Pose-for-Pics.
Answers: 2
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Following are the transactions of a new company called Pose-for-Pics.
Aug. 1 Madison Harris, the ow...
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