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

August 1M. Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock.August 2The company paid $2,100 cash for an insurance policy covering the next 24 months.August 5The company purchased supplies for $880 cash.August 20The company received $3,331 cash from taking photos for customers.August 31The company paid $675 cash for August utilities