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 $14,000 cash and $60,200 of photography equipment in the company in exchange for common stock. August 2 The company paid $3,800 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $2,660 cash. August 20 The company received $2,350 cash from taking photos for customers. August 31 The company paid $884 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: Common Stock Services Revenue; and Utilities Expense. Date August 1 August 1 August 2 August 2 August 5 August 5 August 201 August 31 Assets . . Equity