On August1, Schmidt put $3,000 cash into a chequing account in the name of The Cutlery. She also invested $15,000 of equipment that she already owned. b. On August1, Schmidt paid $600 cash for six months of insurance effective immediately. c. On August2, she paid $600 cash for furniture for the shop. d. On August3, she paid $900 cash to rent space in a strip mall for August. e. On August4, she furnished the shop by installing the old equipment