Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $6,750 cash and $29,025 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,283 cash. August 20 The company received $3,650 cash from taking photos for customers. August 31 The company paid $879 cash for August utilities