Required information Use the following information for Exercise 2-9 through Exercise 2-12 below. (Algo) [The following information applies to the questions displayed below] Following are the transactions of a new compary called Posefor-Pics. August 1 M. Harris, the owner, invested $6,000 cash and $25,860 of photography equipnent in the conpany. August 2 The conpany paid $2,200 cash for an insurance policy covering the next 24 nonths. August 5 . The conpany purchased suppties for 51,140 casti. August 20 The conpany received $3,650 cash fron taking photos for custoners. Aagust 31 The conpany paid 1878 cash for August utilities. Exercise 2-11 (Algo) Analyzing transactions using accounting equation LO A1 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. August 2 The coopany paid $2,2 ad cash for an insurance policy covering the rext 24 months. August 5 The coopany purchased supplies for $1,149 cesh. August 20 The cospany recelved 53,650 cash fron taking photos for custocers. August 31 The company paid $876 cash for August utilities. arcise 2-11 (Algo) Analyzing transactions using accounting ration LO A1 tyze each transaction above by showing ts effects on the accounting ation-specifically. identify the accounts and amounts (including + or -1 for it transaction. Use the following partiad chort of accounts: Cash: Supplles: said Insurance, Equipment, M. Harris, Capital, Services Revenue; and les Expense. for customers. ting equation LO A1 g equation-specifically, identify the Ilowing partial chart of accounts: Cash; venue; and Utilities Expense