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

August $1$ M$.$ Harris, the owner, invested $$7,500$ cash and $$32,250$ of photography equipment in the company in

exchange for common stock.

August $2$ The company paid $$3,900$ cash for an insurance policy covering the next $24$ months.

August $5$ The company purchased supplies for $$1,425$ cash.

August $20$ The company received $$2,250$ cash from taking photos for customers.

August $31$ The company paid $$874$ 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.