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

Aug. 1
Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock.

2 The company paid $2,100 cash for an insurance policy covering the next 24 months.
5 The company purchased office supplies for $880 cash.
20 The company received $3,331 cash in photography fees earned.
31 The company paid $675 cash for August utilities.

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

Debit Credit

Cash

Offices

Prepaid insurance

Photography equipment

Common stock

Photography fees earned

Utilities expense

Totals

Dont have to caculate totals. Thank you!

Respuesta :

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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