Answer:
Pose-for-Pics
1. T-accounts:
Cash
Date     Account Title               Debit     Credit
Aug. 1   Common stock       $7,400
Aug. 2  Prepaid insurance                   $3,000
Aug. 5  Office supplies                             970
Aug. 20 Photography Fees   4,231
Aug. 31 Utilities                                         765
Aug. 31 Balance                                  $6,896
Common Stock
Date     Account Title        Debit     Credit
Aug. 1   Cash                                 $7,400
Aug. 1   Photography equipment 34,400
Aug. 31 Balance             $41,800
Photography Equipment
Date     Account Title        Debit     Credit
Aug. 1   Common stock    $34,400
Prepaid Insurance
Date     Account Title        Debit     Credit
Aug. 1   Cash                   $3,000
Office Supplies
Date     Account Title        Debit     Credit
Aug. 1   Cash                    $970
Photography Fees
Date      Account Title        Debit     Credit
Aug. 20 Cash                                 $4,231
Utilities Expense
Date     Account Title        Debit     Credit
Aug. 31 Cash                    $765
2. Trial Balance
As of August 31
Account Title          Debit     Credit
Cash                     $6,896
Common stock                   $41,800
Equipment           34,400
Prepaid insurance 3,000
Office supplies         970
Photography fees                  4,231
Utilities expense      765
Totals                $46,031   $46,031
             
Explanation:
Before transactions are posted to the T-accounts (General Ledger) they are recorded in the General Journal.  The T-accounts summarize the transactions into various ledger accounts.  Periodically, the accounts are balanced and a trial balance is extracted to check if the posting is error-free.