Following are the transactions of a new company called Pose-for-Pics. August 1M. Harris, the owner, invested $5,250 cash and $22,575 of photography equipment in the company. August 2 The company paid $3,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $998 cash. August 20 The company received $2,650 cash from taking photos for customers. August 31 The company paid $866 cash for August utilities. Analyze each transaction above in the form of accounting equation.