Required information [The following information applies to the questions displayed below.) Following are the transactions of a new company called Pose-for-Pics. August 1 M. Harris, the owner, invested $13,000 cash and $55,900 of photography equipment in the company. August 2 The company paid $3,500 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,470 cash. August 28 The company received $3,600 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, M. Harris, Capital, Services Revenue; and Utilities Expense Date August 1 Assets Liabilities August 1 August 21 August 2 August 5 August 5 August 201 August 31 . W . =] cs. 5,900 of photography equipment in the company. cy covering the next 24 months. Os for customers. equation-specifically, identify the accounts and amounts ccounts: Cash; Supplies; Prepaid Insurance; Equipment; M. Liabilities + + + + Equity