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 Madison Harris, the owner, invested $11,000 cash and $47,300 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 $2,090 cash. August 20 The company received $3,750 cash from taking photos for customers. August 31 The company paid $870 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 + + + + + + + + Eq