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 $7,250 cash and $31,175 of photography equipment in the company. August 2 The company paid $2,000 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $1,378 cash. August 20 The company received $3,650 cash from taking photos for customers. August 31 The company paid $879 cash for August utilities.