Required information Use the following information for Exercises 9-12 below. (Static) [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 $6,500 cash and $33,500 of photography equipment in the company. August 2 The company paid $2,100 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $880 cash. August 20 The company received $3,331 cash from taking photos for customers. August 31 The company paid $675 cash for August utilities. Exercise 2-10 (Static) Recording transactions in balance column accounts LO A1 Open a ledger account for Cash in balance column format. Post general journal entries that impact cash from above transactions to the ledger account for cash. 101: Cash Debit Credit Date Balance 6,500 6,500 August 1 August 2 August 5 August 20 August 31 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. Date Assets Liabilities + Equity (+) increase 6,500 = + = + = + + August 1 Cash August 1 August 2 August 2 August 5 August 5 August 20 August 31 = + = + = + = +