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

August $1$ M$.$ Harris, the owner, invested $$11,500$ cash and $$49,450$ of photography equipment in the company in exchange for common stock.

August $2$ The company paid $$3,200$ cash for an insurance policy covering the next $24$ months.

August $5$ The company purchased supplies for $$2,185$ cash.

August $20$ The company received $$3,450$ cash from taking photos for customers.

August $31$ The company paid $$872$ 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.