Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $880 cash. August 20 The company received $3,331 cash from taking photos for customers. August 31 The company paid $675 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: Common Stock: Services Revenue; and Utilities Expense. Date August 1 August 1 August 2 August 2 August 5 August 5 August 20 August 31 Assets Liabilities