August 1 M. Harris, the owner, invested $11,500 cash and $49,450 of photography equipment in the company. August 2 The company paid $2,800 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,185 cash. August 20 The company received $3,550 cash from taking photos for customers. August 31 The company paid $879 cash for August utilities.