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 $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $880 cash. August 20 The company received $3,331 cash from taking photos for customers. August 31 The company paid $675 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. Date August 1 August 1 August 2 August 2 August 5 August 5 August 20 August 31 Assets = = = = = = = = = Liabilities + + + + Equity Required 1 Required 2 Post the transactions to the T-accounts. Cash Supplies Balance Balance 0 Prepaid Insurance Equipment Balance Common Stock Balance Balance Utilities Expense Balance Services Revenue Balance 0 Required: 1. Post the transactions to the T-accounts. 2. Use the amounts from the T-accounts In Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the amounts from the T-accounts in Requirement (1) to prepare an August 31 trial balance for Pose-for-Pics. POSE-FOR-PICS Trial Balance August 31 Cash Supplies Prepaid insurance Equipment Common stock Services revenue Utilities expense Totals Debit Credit $ 0 $ 0