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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. Aug. 1 Madison Harris, the owner, invested $6,750 cash and $29,025 of photography equipment in the company in exchange for common stock. 2 The company paid $3,900 cash for an insurance policy covering the next 24 months. 5 The company purchased supplies for $1,283 cash. 20 The company received $2,650 cash from taking photos for customers. 31 The company paid $878 cash for August utilities. Post the transactions to the T-accounts. Cash 6,750 2.650 Supplies 1,283 Aug. 1 Aug. 20 Aug. 5 Balance 9,400 Balance 1,283 Prepaid Insurance 3,900 Equipment 29,025 Aug. 2 Aug. 1 Balance 3,900 Balance 29,025 Services Revenue Common Stock 29,025 Aug. 1 Balance 29,025 Balance 0 Utilities Expense 878 Aug. 31 Balance 878 POSE-FOR-PICS Trial Balance August 31 Debit Credit 6,750 $ 1,283 3,900 Cash Supplies Prepaid insurance Equipment Common stock Services revenue Utilities expense Totals $ 29,025 878 6,061 $ $ 35,775