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 company called Pose-for-Pics August 1 M. Harris, the owner, invested $15,000 cash and $64,500 of photography equipeent in the company in exchange for common stock. August 2 The company paid $2,600 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,850 cash. August 20 The company received $2,900 cash from taking photos for customers. August 31 The company paid $880 cash for August utilities.