Following are the transactions of a new company called Pose-for-Pics.

Aug.1Madison Harris, the owner, invested $10,250 cash and $44,075 of photography equipment in the company.2The company paid $2,900 cash for an insurance policy covering the next 24 months.5The company purchased office supplies for $1,948 cash.20The company received $3,650 cash in photography fees earned.31The company paid $881 cash for August utilities.