12 Part 3 of 4 6.66 points [The following information applies to the questions displayed below.) Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $7,000 cash and $30,100 of photography equipment in the company. August 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,330 cash. August 20 The company received $2,050 cash from taking photos for customers. August 31 The company paid $882 cash for August utilities. Check my work Analyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. Use the following partial chart of accounts: Cash; Supplies; Prepaid Insurance; Equipment; M. Harris, Capital; Services Revenue; and Utilities Expense. eBook Ask Print References Date Assets August 1 Cash (+) increase 7,000- August 1 Equipment (+) increase 30,100 August 2 Cash (+) increase 2,300 August 2 Prepaid insurance (-) decrease 2,300 August 5 August 5 August 20 August 31 Liabilities