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 in exchange for common stock.
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.

Analyze each transaction above by showing its effects on the accounting equationspecifically, 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.

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 $6,500 cash and $33,500 of photography equipment in the company in exchange for common stock. 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. 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. Assets Liabilities Equity 6,500 + (+) increase (+) increase 33,500] = + Date August 1 Cash August 1 Equipment August 2 Prepaid insurance August 2 Cash August 5 Supplies August 5 Cash August 20 Cash August 31 Cash (+) increase (-) decrease 2,100] = 2,100 + 880 = + 880 + (+) increase (-) decrease (+) increase (-) decrease 3,331 + 675 +