Required information [The following information applies to the questions displayed below.) Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $9,500 cash and $40,850 of photography equipment in the company in exchange for common stock. 2 The company paid $3,300 cash for an insurance policy covering the next 24 months.. 5 The company purchased supplies for $1,805 cash. 20 The company received $2,500 cash from taking photos for customers. 31 The company paid $879 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 Aug. 1 Aug. 21 Accounts payable Aug. 5 Accounts receivable Cash Aug. 20 Aug. 31 Common stock Assets Liabilities + + + + + +