Use the following information for Exercises 9-12 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,eee cash and $64,588 of photography equipment in the company in exchange for common 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 $2,85e cash. August 20 The company received $2,150 cash from taking photos for customers. August 31 The company paid 5876 cash for August utilities. Required information Use the following information for Exercises 9-12 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 equipment in the company in exchange for common 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 $2,850 cash. August 20 The company received $2,150 cash from taking photos for customers. August 31 The company paid $876 cash for August utilities. Exercise 2-11 (Algo) Analyzing transactions using accounting equation LO A1 Analyze cach 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