August 1 M. Harris, the owner, invested $10,000 cash and $43,000 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 $1,900 cash. August 20 The company received $3,900 cash from taking photos for customers. August 31 The company paid $880 cash for August utilities. 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. quation-specifically, identify the accounts and amounts ounts: Cash; Supplies; Prepaid Insurance; Equipment; M. August 1 M. Harris, the owner, invested $10,000 cash and $43,000 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 $1,900 cash. August 20 The company received $3,900 cash from taking photos for customers. August 31 The company paid $880 cash for August utilities. 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. quation-specifically, identify the accounts and amounts ounts: Cash; Supplies; Prepaid Insurance; Equipment; M