[The following information applies to the questions displayed below] Following are the transactions of a new company called Pose-for-Pics. August 1M. Harris, the owner, invested $5,250 cash and $22,575 of photography equipment in the conpany in exchange for comnon stock. August 2 The company paid $3,300 cash for an insurance policy covering the next 24 months. August 5 The company purchased supplies for $998 cash. August 28 The company received $2,900 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities