70.2K

Verified Solution

Link Copied!

Please fill in whole chart they are connected thank you just had to split into two photos.

Required information [The following information applies to the questions displayed below] Following are the transactions of a new company called Pose-for-Pics. August 1M. Harris, the owner, invested $12,500 cash and $53,750 of photography equipment in the company in exchange for comnon stock. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. Auguat 5 The company purchased supplies for $2,375 cash. August 20 The company received $2,450 cash from taking photos for customers. August 31 The company paid $884 eash for August utilities. nalyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts ncluding + or ) for each transaction. Use the following partial chart of accounts: Cash; Supplies; Prepaid Insurance; Equipment; ommon Stock; Services Revenue; and Utilities Expense. on applies to the questions displayed below] ictions of a new company called Pose-for-Pics. the owner, invested $12,500 cash and $53,750 of photography equipent in the company in I conmon wtock. pald $2,100cash for an inaurance poliey covering the next 24 mosthin. purchased supplien for $2,375 cash. recelved $2,450 cash from taking photos for customers. patd $8s4 can for August utilities. ve by showing its effects on the accounting equation-specifically, identify the accounts and amounts saction. Use the following partial chart of accounts: Cash; Supplies; Prepaid insurance; Equipment; anue; and Utilities Expense

Answer & Explanation Solved by verified expert

See Answer