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Analyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts (including + or -) for each transaction. Use

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;
Common Stock; Services Revenue; and Utilities Expense. image text in transcribed
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Required information [The following information applies to the questions displayed below.] Following are the transactions of a new company called Pose-for-Pics. Auquat 1M. Harrin, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for comson stock. Augult 2 The company paid $2,100 cach for an ingurance polloy covering the aext 24 monthe. Aaguat 5 The company purehased supplies for $880 eash. Auquat 20 The company received $3,331 caeh froe taking photos for cuntenera. Auguat 31 The conpany paid $675 eabh for Aoguat utilities. Analyze each transaction above by showing its effects on the accounting equation-specifically, identify the accounts and amounts including + or ) for each tronsaction. Use the following partial chart of accounts: Cash; Supplies; Prepaid insurance; Equipment; Common Stock; Services Revenue; and Utilities Expense. hagaet 2 The eceptny paid 52,100 cesh for nn insarance policy cowering the next 24 nonthat . keguet 5 The eompany parchased iapplies for \$aso canh. kugust 20 zbe ooepany received $3,331 eanl from taking photoe for eustemers. Aagaat 31 The coepany paid $575 cash for Muguat utilitien. 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; Prepald insurance; Equipment; Common Stock; Services Revenue; and Utilites Expense. Answer is not complete

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